The Australian Renewable Energy Agency and the Australian Energy Market Operator awarded AGL with a tender to achieve 20MW of demand response capacity.The development falls under plans to achieve 143MW of demand response capacity to ensure a stable energy supply in South Australia, Victoria and New South Wales this coming summer.
The contract with AGL is the tenth signed to achieve the 200MW of demand response capacity in South Australia so far.
AGL plans to secure the 20MW from industrial and commercial consumers including water utilities and from some 70,000 residential customers with smart meters.
17MW will come from industrial and commercial users, while 3MW will be achieved from residential households reducing their energy consumption during peak periods.
The occurrence of demand response events will be communicated to consumers via sms and email.
Smart energy funding in Australia
Meanwhile, the country’s Clean Energy Finance Corporation (CEFC) announced $5 million in funding towards the development of a solution to help consumers improve management of energy generated from on-site solar systems.
The capital will be combined with $2 million from Right Click Capital towards the operations of Redback, a smart energy startup.
Redback will fund research and further development of its solution, which employs machine learning to predict the amount of energy generated by solar PV and consumer energy usage patterns.
Redback says it will expand its operations in both Australia and the Asia-Pacific region.
The solution is designed to help consumers improve their energy consumption patterns, reduce energy costs and stabilise main grid. Moreover, according to the firm, the systems can be aggregated into a virtual power plant to offer grid services as well as helping to integrate renewables into the network.
The startup plans to increase its staff by 30 personnel over the next six months.
The news follows Energy Australia’s 2016 selection of the solution for provision to the company’s 1.7 million consumers in Victoria, New South Wales, Queensland, the ACT and South Australia. The $7.3 million deal fell under efforts by Energy Australia to reduce carbon emissions through a reduction in fossil-fuel energy generation as well as meet growing energy demand during peak periods.
CEFC's chief executive officer, Ian Learmonth, said: "Australia has the highest penetration of rooftop solar in the world. We can lead the way in developing innovative technologies like Redback's that mean households and businesses get the most benefit from these investments."
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