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Supporting Innovation in Australia’s Solar Tech

The Australian National University (ANU) will play a vital role in the research and development of cheaper, more efficient and more sustainable solar technologies as a result of a multi-million-dollar investment that will ignite a spark in Australian solar innovation.

The Albanese government recently announced the Australian Centre for Advanced Photovoltaics (ACAP), led by The University of New South Wales (UNSW) in collaboration with ANU and other institutions, will receive $45 million over the next eight years to ensure the nation continues to be a world leader in the development and deployment of cutting-edge solar technology, including the next iteration of solar panels.

Professor Andrew Blakers, an ANU scholar who coordinates the University’s involvement with ACAP, noted that Australia has a history of delivering creative solutions to further the capabilities of solar photovoltaics (PV) – technology that converts sunlight into electricity – both at home and abroad. This means that the nation is well-positioned to rise to the challenge of developing more capable and more efficient solar cells.

The investment will ensure Australia remains at the forefront of solar innovation globally and will also bring it a step closer to becoming a renewable energy superpower, he said.

Australia generates roughly twice as much solar energy per capita in comparison to any other country. Australia’s main electricity grid currently procures approximately 30 per cent of its electricity from solar and wind, and South Australia procures 70 per cent.

If nations around the world, including Australia, are to meet and surpass current-day modest emissions reduction targets, cost-effective, more efficient and widely accessible solar panels must be developed.

Professor Blakers stated that solar electricity already costs less than electricity from fossil fuels. However, the cost reductions are nowhere near finished. He said that clean and cheap solar and wind electricity allows clean electrification of transport, heating and industry and hence the removal of 80 per cent of greenhouse emissions.

Continued investment and advances in clean energy infrastructure are now, more than ever, necessary amid constraints on the global energy market and higher prices fuelled by ongoing supply issues.

Solving current energy difficulties means greater investment in solar and wind, supplemented by extra transmission to bring the new solar and wind power to the cities.

ACAP is funded by the Australian Renewable Energy Agency (ARENA) and is a collaboration between multiple Australian universities, solar cell production companies, and CSIRO as well as international partners.

The Incoming ACAP Director, Professor Renate Egan from UNSW stated, “We’re looking forward to working with ARENA to deliver low-cost solar technologies through ongoing research. Australia has been leading the world in solar technology development, and there’s still so much more to do. And we’re only just beginning.”

The global solar power market size was US$170.55 billion in 2020. The impact COVID-19 pandemic has been sudden and staggering resulting in the solar power market witnessing a negative demand shock across all regions amid the pandemic.

Recent research notes that this market is expected to grow from US$184.03 billion in 2021 to US$293.18 billion in 2028 at a CAGR of 6.9% during the forecast period. The rapid rise in CAGR is attributable to this market’s demand and growth returning to pre-pandemic levels once the pandemic is over.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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