At the Sydney Energy Forum on July 11, Australia’s Minister for Climate Change and Energy Chris Bowen and the United States’ Secretary of Energy Jennifer Granholm signed the Australia-United States Net-Zero Technology Acceleration Partnership.
The collaboration will hasten the creation and application of emission-free technology, such as long-term energy storage, the incorporation of renewable energy sources into power grids, and the abatement of carbon dioxide. In order to deliver renewable energy around the world, cooperation through this alliance will aid in supply chain expansion and diversification.
It was also announced that the U.S. Department of Energy’s National Renewable Energy Laboratory and Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO) had signed a Memorandum of Understanding (MoU) (NREL).
Larry Marshall, the CEO of CSIRO, and Peter Green, the Deputy Laboratory Director for Science and Technology and Chief Research Officer of NREL, both signed the agreement at the Sydney Energy Forum. NREL and CSIRO will work together to create clean energy technology. NREL is a leader in clean energy research, development, and deployment.
We’re thrilled about this MoU since it will enable greater collaboration between our two research organizations, according to Green. To tackle some of the most urgent issues related to realizing the global energy transition, we will work together to make the most of the substantial intellectual, research, and infrastructure strengths of both institutions. According to the agreement, CSIRO and NREL will initially concentrate on four areas that are strategically significant to Australia: hydrogen, plastics, the global power system transformation (G-PST), and an accelerator/incubator program for small- and medium-sized enterprises (SMEs) that has the potential to change the course of our future energy supply globally.
International collaboration is crucial in the event of a worldwide energy catastrophe. The Australia-U.S. agreement is a critical step in lowering emissions in the two nations while boosting their economies and employment rates. Granholm claimed that renewable energy is our road to peace given the current dangers to the world’s energy markets and energy security.
The alliance between Australia and the US strengthens the government’s resolve to make climate change a key component of the partnership and achieve 100% renewable electricity in the US by 2035. As a result of our shared abilities, technologies, and innovations that we could not have acquired or produced independently, the cooperation will aid in decarbonizing our economy.
As the two nations create business prospects in low- and zero-emissions technology, research institutions and private sector organizations will be the driving forces behind investment. More varied sources of essential resources and cooperation to fortify supply chains will be crucial to reaching net zero by 2050.
Article by Kassidy Gamble, with permission from the U.S. Department of Energys (DOEs) National Renewable Energy Laboratory (NREL) .
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