Australian Power Generation Technology APGT

Abstract

The Australian Power Generation Technology (APGT) APGT delivers a technology neutral review of major large scale commercial power generation technologies for Australia. The technologies examined, among others, include: Carbon capture, transport and storage with key findings including:•To facilitate the implementation of CCS in Australia, one or more CO2 transport and storage networks need to be developed by 2030.•The cost for transport and storage of CO2 (excluding owner's and risk adjusted costs) from power plants in Australia is likely to vary from $5– 14/t CO2 to almost $70/t CO2.•Variations in factors such as operating conditions, engineering assumptions, material costs, topography and geological characteristics may lead to different costs. The integrated design of capture systems, transport routes, operating conditions and injection strategies may lead to lower costs.Learnings across all new power generation technologies including CCS will decrease costs to 2030.Intermittent renewables, energy storage systems, demand-side management schemes and high volume - high availability technologies such as coal and gas with CCS are likely. These technologies, working together will provide reliable electricity, 24/7 with a low environmental impact and an optimum overall cost of electricity.Through the levelised cost of electricity (LCOE), it is evident that a change of thinking around the cost of CCS needs to evolve. Consideration needs to be given to financing and policy options by government into the near future if CCS is to become a near-term reality. Furthermore, like current electricity grids, grids in the future will use a diverse mix of technologies as all technologies have arrange of more favourable and less favourable characteristics.