According to The Australian Financial Review, the new chief executive of Tomago Aluminium, the country’s biggest electricity user, says the smelter’s goal of switching to a predominantly clean power later this decade is not achievable, derailing its emissions reduction targets for 2030 and putting the plant’s future at risk.
Jerome Dozol, who took over as chief executive in July, said the energy price on offer was too high for the Tomago smelter near Newcastle to keep running without government assistance. He called for “urgent action” to secure continued operations at the plant, whose existing electricity supply contract with AGL Energy expires at the end of 2028. The difficulties being experienced by Tomago point to a wider problem across industrial and commercial businesses that want to switch to cleaner electricity supplies, but need guaranteed, round-the-clock power. That requirement does not align with an electricity supply system that is increasingly moving towards weather-dependent wind and solar, and where batteries and other storage plants are still inadequate to fill in the gaps. https://www.afr.com/companies/energy/the-country-s-biggest-aluminium-smelter-says-green-target-unreachable-20241015-p5kick
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