Developing Hydro Tasmania’s business involves developing new markets, researching technologies, managing Hydro Tasmania's investments in new businesses (such as Roaring 40s), and supporting growth opportunities.
As a national leader in renewable energy, Hydro Tasmania plays a key role in emerging renewable energy market opportunities both in Australia and overseas.
Our areas of focus are:
Optimising market opportunities - focusing on voluntary and mandatory environmental credit markets, product development, emissions trading, Green Power, state-based renewable energy market schemes and international trading opportunities.
Facilitating technology commercialisation - focusing on grant investigation and support, building partnerships and alliances, influencing external program design and funding priorities, and development of a partnership to advance clean energy technology innovation.
Developing potential areas of new business activity, monitoring new and emerging renewable technologies, and identifying the risks and opportunities for Hydro Tasmania, particularly for:
- new renewables - including solar, geothermal, marine and other emerging technologies, as well as maintaining a capacity in wind energy technology
- Remote Area Power Supply (RAPS) and Energy Storage, including:
- King Island Wind Power - Carbon Block Energy Storage Project, in partnership with Lloyd Energy Systems
- Cape Barren Island Wind-Hydrogen Project
- Flinders Island Remote Area Power Supply Project
- Consideration of developing a role in the wider RAPS market
Renewable transport - including initiatives with hydrogen, biodiesel and electric hybrids. Of particular note are the partnership with the University of Tasmania's Hydrogen and Allied Renewable Technologies (HART) program, and the engagement with the US Department of Energy's Hydrogen Industry Review Program.