The Australian Solar Institute (ASI) and the Federal Government have launched a co-funded $9.5 million solar energy scheme designed to make solar energy a competitive choice for consumers, with the ASI contributing $3.2 million.

 

The Federal Minister for Resources and Energy, Martin Ferguson, together with the ASI CEO Mark Twidell, launched the initiative at the Australian National University (ANU).

 

Mr Twidell said researchers at the ANU, CSIRO and University of NSW are working with industry partners, Chromasun and NEP Solar, to develop one product that will convert solar energy into both thermal and electrical energy for homes and commercial and industrial buildings.

 

“This project offers great potential to make solar energy competitive by delivering solar driven electricity, heating and cooling from one system direct to where it will be used at a price that competes with traditional retail energy,” Mr Twidell said.

 

“The innovation combines the best of Australian solar photovoltaic technology and solar thermal technology to deliver a cost-effective complete solar energy solution for homes and businesses.

 

“Ultimately, this innovation could pave the way for millions of zero emission buildings across Australia and the world.”

 

Mr Twidell said the project builds on Australia’s world-leading solar technology record.

 

“Australia is a leader in solar innovation and is playing a key role in the global challenge to convert the free, infinite resource into cost effective, competitive energy that can be deployed on commercial terms,” Mr Twidell said.

 

“Supporting projects such as this will help Australia remain at the forefront of this rapidly growing industry.”