Developing Hydro Tasmania’s business involves developing new markets, researching technologies, managing Hydro Tasmania's investments in our businesses (such as Roaring 40s), and supporting growth opportunities.
As a national leader in renewable energy, Hydro Tasmania plays a key role in emerging renewable energy market opportunities in Australia.
Our areas of focus are:
Optimising market opportunities - focusing on voluntary and mandatory environmental credit markets, product development, emissions trading, Green Power and state-based renewable energy market schemes.
Facilitating technology commercialisation - focusing on grant investigation and support, building partnerships and alliances, influencing external program design and funding priorities, and development of a partnership to advance clean energy technology innovation.
Managing strategic investments - providing the commercial rigour and oversight in managing large energy development or energy purchase deals. Also establishing commercial arrangements with future partners and managing the current external investments.
Identifying generation development opportunities - focusing on exploring the development opportunities across the NEM to align to our strategic initiatives and goals. This includes opportunities for long-term power purchase agreements (PPA) and establishing generation development sites for future supply growth.
Developing potential areas of new business activity - monitoring new and emerging renewable technologies, and identifying the risks and opportunities for Hydro Tasmania, particularly for:
- new renewables - including solar, geothermal, marine and other emerging technologies, as well as maintaining a capacity in wind energy technology
- remote area power supply (RAPS) and energy storage, including:
- King Island renewable energy integration project
- Flinders Island remote area power supply project
- distributed generation, co-generation, tri-generation
- demand side management
- renewable transport - electric vehicles.