Victoria wind power supporting energy storage leader

What are Victoria's new energy goals?

The new storage targets and clean energy projects are supporting Victoria’s nation-leading action to combat climate change and drive down power prices, including the legislated renewable energy target of 50 per cent by 2030, the goal to reduce emissions by 50 per cent by the same year and reach net zero by 2050.

How many energy storage projects are there in Victoria?

557 MW of commissioned energy storage capacity and 12 utility-scale storage projects with a combined capacity of 1,115 MW under construction or undergoing commissioning at 30 June 2024. Figure 4: Emissions from electricity generation in Victoria, 2013/14 to 2023/24

Why did energy dome choose Victoria?

The Italian company selected Victoria due to our net-zero targets and the collaborative nature of the local energy industry. They will explore potential projects in regional Victoria to set up the company’s unique carbon dioxide (CO2) battery technology. Energy Dome’s groundbreaking CO2 battery is efficient and cost-effective at storing energy.

Why should Victoria move from coal-fired power to energy dome?

This is well-suited for Victoria’s transition away from coal-fired power, combined with its significant industrial energy demands. Energy Dome is close to completing its world-first commercial-scale CO2 Battery in Sardinia. Energy Dome’s APAC Headquarters in Melbourne builds on the strong sister-city relationship between Milan and Melbourne.

What percentage of Victoria's Electricity is generated by rooftop solar?

Victorian households and businesses installed 630 MW of rooftop solar systems, which saw rooftop solar provide 9.3 per cent of Victoria’s electricity generation in 2023/24, up from 7.9 per cent during the previous year.

Why did energy dome choose Melbourne for its APAC headquarters?

Established in Milan in 2020, Energy Dome has chosen Melbourne for its APAC Headquarters. The Italian company selected Victoria due to our net-zero targets and the collaborative nature of the local energy industry. They will explore potential projects in regional Victoria to set up the company’s unique carbon dioxide (CO2) battery technology.