Ultra low cost solar; Aussie solar innovators offered $40million in investment

According to the latest Low Emissions Technology Statement, “Ultra Low Cost Solar” is now a priority for the Australian Government. By investing $40 million into researching and developing low cost photovoltaic (PV) solar technologies, the government hopes to achieve its “Solar 30 30 30” target.

What is ultra low cost solar?

Seems pretty self explanatory doesn’t it? As you might have guessed, ultra low cost solar means cheaper solar. It is just one of six priority technologies the government outlines in the latest Low Emissions Technology Statement (LETS).

Learn more about the Technology Investment Roadmap: Low Emissions Technology Statement 2021 here

How will we achieve ultra low cost solar?

In the LETS, the government outlines four key actions to successfully roll out low emissions technology:

  1. Solar 30 30 30; an initiative to invest in the research and development, and early-stage commercialisation of low emissions technologies
  2. Infrastructure; Assessing and investing in the infrastructure needed to support clean energy by conducting a National Hydrogen Infrastructure Assessment
  3. Hydrogen; Growing the Australian hydrogen industry by investing $464 million dollars into several clean hydrogen industrial hubs
  4. A voluntary zero emissions gas market; to drive early demand for green energy and evaluate the voluntary purchase by consumers and businesses of zero emissions gas

What is Solar 30 30 30?

The Solar 30 30 30 initiative, created by the Australian Renewable Energy Agency (ARENA), aims to drive down the cost of solar by around 60%.

The initiative aims for solar PV to achieve:

On the 10th January 2022, the government announced $40 million in funding for R&D projects, to reduce the cost of solar PV. To apply for this funding round the project must have achieved a Technology Readiness Level of at least three. Read more about Technological Readiness Levels here.

Australians at the Forefront of Solar Innovation

Did you know that in 1983, Aussie researchers at the University of NSW developed the solar PV cell?

Nicknamed “The father of modern photovoltaics”, Professor Martin Green and his team have held the world record for silicon cell efficiency for 30 of the last 38 years.

The father of Modern Photovoltaics, Prof. Martin Green

Most impressively, this Australian research team invented the Passivated Emitter and Rear Cell (PERC). This cell is now the commercial standard throughout the world, and accounts for over 85% of global solar cell manufacturing.

Makes you proud to be an Aussie doesn’t it?

How will ultra low cost solar impact Australia?

“Clean, low cost, bulk electricity supply will also help maintain Australia’s traditional advantage in affordable and reliable energy,” said the Minister for Industry Energy and Emissions Reduction, Angus Taylor.

“Our continent has the highest levels of irradiation of any in the world and we have an incredible track record of driving innovation in solar photovoltaics, with more than 90% of solar panels manufactured around the world using Australian technology.”

In a nutshell, if the funding is put in the hands of Aussie researchers, we’ll see some incredibly innovative projects. And it’s these projects that should help us achieve ultra low cost solar and help you reduce your energy bills.

Don’t want to wait until 2030? Save $1,000s right now with a custom solar system installed by qualified electricians. Give us a buzz on 1300 047 889 or click here to get started.

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