Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Power To X Can Accelerate Our Nation Towards ‘state Of Green’ Says Venture Taranaki

Taranaki regional development agency Venture Taranaki has launched a future-focused concept paper, Power to X, at today’s Offshore Future Energy Forum, held in New Plymouth and to an online audience.

"Power to X" is a term used to describe a range of processes that use renewable electricity to create ‘green’ versions of existing or new products. The paper explores the potential of generating more green energy than Aotearoa may need, based on our current economy, to enable our economy to power-up and expand significantly into the manufacturing of green products to substitute carbon intensive ones and becoming a global magnet for green, energy-intensive industries.

"In this paper we aim to familiarise readers with the various Power to X pathways, explain the connections between established industry and energy resources in New Zealand, and use Taranaki as a case study to explain how a Power to X energy landscape might be achieved." Says Justine Gilliland, Chief Executive Venture Taranaki.

"Using renewable electricity has the potential to transform industry in New Zealand, providing a green alternative to produce hydrogen, ammonia, methane, methanol, and synfuels. Additional energy intensive industries, such as high-tech and advanced manufacturing also have the potential to significantly develop in such a system," adds Justine.

 

The report highlights, that at a time when the world is seeking to accelerate the shift to a low-emissions future, there is a real opportunity for New Zealand, and Taranaki, to play a much more ambitious role, rethinking our approach to energy to sustain our position as leaders in this field, while providing sector resilience as policy and technology evolve.

According to Venture Taranaki, the nation is sitting on a significant untapped renewable energy resource - offshore wind energy, and this could be put to good use, such as in the manufacture of green products.

"We need to be looking beyond our current domestic needs and economic activity when considering changes to the energy system that will be required to meet net greenhouse gas emissions targets set by the Government. Incorporating Power to X pathways in any future model has the possibility to lay a platform for a more vibrant and diverse economy and may hold the key to ensuring a fair and equitable just transition for New Zealand communities most affected by emissions reductions," continues Justine.

A key component underpinning the development of Power to X pathways is the availability of significant renewable energy. While renewable electricity can be generated through solar, onshore wind, hydro, or geothermal, the paper proposes offshore wind farm development as having the most promise for the large-scale generation required to make Power to X projects cost-effective.

"Outlined in our 2020 Offshore Wind Discussion document, areas off the coast of Taranaki are suitable to develop fixed wind farms that can generate over 14 GW, which would more than double New Zealand’s electricity supply. If floating wind turbines were considered, then the resource magnifies even more, and has the potential to be globally significant," explains Anne Probert, Venture Taranaki Regional Strategy and Sectors GM.

"The Power to X concept paper reinforces the key elements that are required for this opportunity to be realised and explains that Taranaki has the ingredients to be an ideal hub for power-to-x production and distribution," adds Anne.

"Other existing resources and infrastructure in the region, such as skilled people, supporting services, training facilities, and motivated locally-based organisations create the perfect conditions for Power to X to thrive in Taranaki," adds Justine.

The report outlines a possible scenario of concurrent offshore wind generation and power-to-x production through to 2050, based on projects underway or in the pipeline.

Port Taranaki is part of the Energy Action Group, which is a collaborative industry group looking into the role Taranaki will play in the new energy future, including the Power to X work.

"There is a fantastic skillset and knowledge base across the Taranaki energy spectrum that can be utilised in new and renewable energy solutions. It’s been exciting to work alongside and support the Energy Action Group on this important work that will shape the region’s energy future," says Port Taranaki Head of Commercial, Ross Dingle.

"We believe that with our existing energy industry experience and skills, industry partnerships, our west coast location, and our laydown and storage areas, Port Taranaki is well suited to providing services for new and renewable energy solutions in a Power to X industry. This includes as a base for maintenance and operations of offshore wind production, supporting the production of such a resource, and supporting the arrival, moving and storage of project cargo associated with it."

"Power to X is an introductory paper, and the intention is to initiate discussions about rethinking our energy, and economic, future and adopting a much more ambitious pathway ahead" says Anne.

To view the Power to X paper please visit the Venture Taranaki website - https://www.venture.org.nz/regional-intelligence/all-reports/.

BACKGROUND

The Power to X concept paper was produced by Venture Taranaki, based on commissioned work by Sapere and Absolute Certainty.

Insights, feedback and technical advice were provided by members of the Taranaki 2050 and Tapuae Roa Energy Action Group.

The Energy Action Group is a collection of Taranaki-based energy sector organisations that have a shared ambition to shape a more sustainable energy future. They have met semi-regularly since 2020 to prioritise and progress energy actions contained within the region’s long-term strategies, Taranaki 2050 and Tapuae Roa.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Government: Northland To Move To Orange, NZ Prepared For Omicron


Northland will move to Orange at 11:59pm tonight, 20 January 2022, while the rest of New Zealand will remain at Orange as the Government prepares for Omicron to enter the community.
“Vaccination rates have continued to increase in Northland and are now at 89 percent first dose. The easing of the Auckland boundary over summer did not drive an increase in cases so we believe it is safe for Northland...
More>>

ALSO:


Gordon Campbell: On Responding To The Need In Tonga


The power of the Tonga eruption (and the size of the aid response being mounted) have been sobering indications of the scale of this disaster. The financial impact is certain to exceed the damage done by Cyclone Harold two years ago, which was estimated at the time to cost $US111 million via its effects on crops, housing and tourism facilities. This time, the tsunami damage, volcanic ash, sulphur dioxide contamination and villager relocation expenses are likely to cost considerably more to meet...
More>>



 
 



Science Media Centre: Omicron Outbreak Would Move The Country To Red - Expert Reaction

The Prime Minister has announced if Omicron cases spread into the community, the country will move to the traffic light system's Red setting within 48 hours. Jacinda Ardern also mentioned there will be changes to the country's testing regime, with more use of Rapid Antigen Tests... More>>


Government: New Zealand Prepared To Send Support To Tonga

New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today... More>>


Ministry of Health: COVID-19 Immunisation Starts For 5 To 11-year-old Tāmariki

More than 120,000 doses of the child (paediatric) Pfizer vaccine have been delivered to over 500 vaccination sites around New Zealand as health providers prepare to start immunising 5 to 11-year-olds tamariki from today, 17 January... More>>



Statistics: Departures Lift Border Crossing Numbers

The number of people crossing New Zealand’s border went up in November 2021, mostly due to an increase in departures, Stats NZ said today. There were 28,700 border crossings in November 2021, made up of 12,300 arrivals and 16,400 departures... More>>


Financial Services Federation: Open Letter To Government From Non-bank Lenders: The Path Forward On CCCFA Changes
Responsible lenders are not interested in telling the Government “I told you so” when it comes to unintended consequences of changes to lending laws that are now causing grief for everyday Kiwis seeking finance... More>>

CTU: Too Many Kiwi Workers Financially Vulnerable As Omicron Looms
With New Zealand on the precipice of an Omicron outbreak and the economic upheaval that comes with it, the CTU’s annual Mood of the Workforce Survey shows the vast majority of kiwi workers do not have the financial resources to survive a period of unemployment... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels