Solar thermal power could lower energy costs

Energy from concentrated solar thermal power could save up to A$1 billion in Australia’s network investment costs.

Research conducted in partnership with the Australian Solar Thermal Energy Association (AUSTELA) examined the benefits of solar thermal technology in areas where major network investment is planned to cope with growth in demand.

Unlike other forms or renewable energy, solar thermal offers large-scale energy storage which could reduce the need for new electricity poles and wires and help cut consumer energy bills.

Solar thermal plants have been in operation overseas for more than 20 years, however Australia is yet to have a grid-connected facility.

Read more at University of Technology Sydney