Page 3106 - Week 09 - Tuesday, 22 August 2017
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In the innovation stream, there is also a group called Arcturus Dynamics. They will develop a hydrogen fuel cell power system designed to deliver greater energy density than currently available lithium ion battery technology.
So we see quite a diverse range of proposals here. As I said earlier, it is exciting to see that these companies are not only undertaking innovative projects but using Canberra as a base, drawing on the combination of the significant research taking place in our universities and now, through the provision of things like these grants and the renewable energy innovation hub, the amount of expertise that is growing here in the territory.
MS CHEYNE: Minister, how are the renewal energy innovation fund direct grants and the renewables stream of Innovation Connect aimed at ensuring that the ACT meets its commitment to achieving carbon neutrality by 2015?
MR RATTENBURY: The sorts of projects that are being worked on are really the next generation when it comes to carbon emission reduction projects. From some of the examples I have given today we can see that these are the sorts of technologies that in the future will help us move away from fossil fuel requirements into renewal energy sources. We will see greater efficiency when it comes to the use of electricity through a range of these projects.
I was particularly excited about one of the projects, which is designed to rapidly reduce the costs of concentrated thermal power. It is a technology that has been floating around for quite some years now but so far nobody has managed to take it to the commercialisation stage because of the cost profile. It is great to see a Canberra-based innovator who has what appears to be an excellent idea on how to move this forward.
What we will see is that these projects will have application not only here in the territory but they will also have global application. They will assist not only this community but communities right across the planet in reducing their emissions outputs. Additionally, I believe that if these companies are successful, and we are very optimistic about their chances, they will bring jobs and diversification to the ACT economy, which can only benefit this city and provide the clean green jobs of the future that we want to see here in Canberra.
Mr Barr: Madam Speaker, I ask that further questions be placed on the notice paper.
Leave of absence
Motion (by Mrs Dunne) agreed to:
That leave of absence be granted to Mr Hanson, Mrs Jones and Mr Wall for family illness reasons.
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