Backed by some heavy hitters of the Australian corporate world, the Sydney energy company is hoping to deliver carbon-free electricity at scale once coal-fired power stations are shut across Australia.
Tony Schultz spends much of his time focused on solving a fast-approaching problem: once coal-fired power plants close and we are relying more on wind and solar, what will we do when it’s not sunny nor windy?
Tony Schultz is managing director of North Harbour Clean Energy, a company focused on developing grid-scale storage solutions including pumped hydro and long-duration vanadium battery projects.
Pumped hydro – a technology that pumps water uphill to a higher reservoir and then releases it downhill to spin turbines when it’s needed – has enormous potential. The biggest problem, however, is that it’s very difficult to deploy at a large scale. Suitable geographic sites such as steep mountain ranges are hard to secure, and are often in heavily bushed, remote and complex terrain. They also present significant challenges and costs in terms of construction and connectivity to the grid.
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