Boom time for Australia ?

Agree we need multiple energy solutions @See Change so I guess a mix of all of the above is not a bad idea. 7 years to a renewable grid. Amazing. Sigh....

Another tangent, I wish AGL would sell to Cannon Brookes already so he can speed the renewables up over there.

My brother is an electrical engineer and after studying Home - Genex Power we used some of the maps to identify a bunch of suitable sites, there are dozens out there. Many are not sensitive habitats or national parks but a lot of farms. Still keen to see all the other options implemented too though.

 

Thanks I wasn't super aware of this method. I like how it can scale down to smaller use cases (dams are REALLY expensive up front) especially smaller and more remote towns looks like an obvious contender.

 

Tell that to Norway and Iceland.

 

One project on the go for pumped hydro

World-first Australian project repurposing mine pits for pumped hydro - Genex Power

Get sufficient of those and is Snowy Hydro 2 a white elephant - with associated environmental destruction.

Snowy Hydro 2.0 turns $10b white elephant

 

Super cool to use existing mine pits like that. I hear the highest efficiency and max gains come from the 2 water bodies having at least 400m of differential, hence why they should be built in very specific areas if being constructed from scratch. The research having been done by some of the private mobs is along the great divide (to get the 400m drop) and close to being underneath existing high voltage power lines so you can connect straight in and service the Eastern cities quite easily.

I know the flak Hydro 2.0 has copped but in 20 yrs I rekon we will all be proud of it. Could be wrong but that's my best guess.

 

We're miles behind in that regard. 2017 article from Drexel Uni.

Re-purposing old coal mines as pumped hydro storage facilities | Center for Electric Power Engineering

 

It will be interesting what opportunities will arise in Australia, whilst I'm not up to date with the latest developments on climate change I know there is a LOT of young people who are very passionate about this area. No doubt that this passion will carry through as they become adults, employees, employers and voting citizens in the coming decade.

 

... and magnates Election 2022: Mike Cannon-Brookes says AGL split ‘not going to fly’ after Labor win

 

Yes, I think we'll see boom times. At least for rents. If minimum wages increase 5%, rents can increase too.
I'm not saying it should happen, but it's what I'm expecting to happen.

 

If you ignore prices for a minute and just track rents... nearly every rental market I track for my investors looks set for another year of double-digit growth after a year of strong double-digit growth. I have never seen a market setup where rising rents are more likely to insulate sensible landlords (in real time, not 2-3 yrs later) from rate rises as this one.

The beauty of this dynamic is that rents are so lumpy there are still plenty of individual properties out there needing cosmetic work with long term tenants where the rent never went up. A savvy purchase of a tired place with a very low historic rent plus a cosmetic reno leading to massive rental uplift hasn't been so easy in ages.

 

It's already available. Looks like mostly commercial equipment for this brand.