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Australia-United States Net Zero Technology Acceleration Partnership was signed between US Secretary of Energy Jennifer Granholm and Australia’s Minister for Climate Change and Energy Chris Bowen at the Sydney Energy Forum on July 11.
This partnership will help accelerate the development of zero-emissions technology. It includes long-duration energy storage, integration renewable energy into power grids, as well as the removal of carbon dioxide. This partnership will allow for the expansion and diversification of supply chains that enable clean energy deployment around the globe.
This announcement coincided with Australia’s national science agency, Commonwealth Scientific and Industrial Research Organizations (CSIRO), signed a Memorandum of Understandings (MoU), with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL).
At the Sydney Energy Forum, Larry Marshall, Chief Executive of CSIRO, and Peter Green (Deputy Laboratory Director for Science and Technology at NREL), signed the agreement. CSIRO and NREL are leaders in clean energy research, technology development and deployment. NREL will work with CSIRO on the development of clean energy technologies.
Green stated that the MoU will allow both research institutions to leverage their considerable intellectual, research, infrastructure and infrastructure resources in order to tackle some of the most urgent challenges associated with the global energy transition. Under the agreement, CSIRO and NREL will initially focus on four areas of strategic importance to Australia: hydrogen, global power system transformation (G-PST), plastics, and an accelerator/incubator program for small- and medium-sized enterprises (SMEs) that has the potential to transform our global energy future.
International cooperation is crucial during a global energy crisis. The Australia-U.S. partnership is an important step towards reducing the country’s emissions and growing their economies, jobs, and trade. Granholm stated that renewable energy is the path to peace, given current threats to energy markets worldwide and security.
The United States and Australia will be able to strengthen their commitment to climate change and make U.S. electricity 100 percent renewable by 2035. As we share technologies and capabilities that are not possible to acquire or develop individually, the partnership will contribute to decarbonizing our economies.
As the countries explore commercial opportunities in low- or zero-emissions technologies, research institutions and private sector organizations will be driving investment. More diverse sources of critical materials will be essential to reach net zero by 2050. Collaboration is key to strengthening supply chains.