The Australian government established national targets for reducing emissions by 43% by 2030. Various industries have been given center stage in shaping the country’s electrical field to provide a long-term framework for achieving these goals.
The primary industries involved with Australia's electrical industry shifts & influences in 2023 include:
- AI
- Renewable Energy
- Mining
- Cables/Material Design
- Infrastructure Development
Let’s review these industries and their impact on the Australian electrical field individually.
AI
Using AI-enabled predictive maintenance systems in power plants has helped identify potential equipment failures before they occur, reducing downtime and increasing system efficiency.
AI is also used to optimise the operations of electricity grids, including the integration of renewable energy sources and the management of demand.
Inspection drones also integrate AI systems along with the development of innovative grid systems that have proven to increase the reliability and efficiency of the power supply.
Renewable Energy
The Australian government has created targets for the country’s transition to renewable energy creating a significant demand for the development and implementation of solar, wind, and hydropower.
Renewable energy has also increased the diversity of the country’s energy sources and helped reduce its reliance on fossil fuels.
The use of solar, wind, and hydropower has triggered the development of new infrastructure and jobs in the energy sector.
The government aims to achieve 50% renewable energy by 2030 by focusing on large-scale solar and wind projects.
Mining
The mining industry consumes a large amount of electricity, forcing many companies to invest in renewable energy sources such as solar and wind power to reduce their carbon footprints and operating costs.
Similarly, the mining industry has created a demand for specialised electrical equipment and services like high-voltage transmission systems and electrical substations. This has led to the growth of the electrical engineering and construction industries.
Cables/Material Design
There is a significant growth in demand for the use of advanced materials and designs to help improve the performance and durability of electrical infrastructure. This includes using new cables and insulators and developing more efficient and reliable electrical components like transformers and switchgear.
Cables and material designs are significantly shaping Australia’s electrical field by improving safety and reliability during operations, increasing the efficiency of machines, and reducing maintenance costs using new materials like high-temperature superconductors.
Infrastructure Development
The Australian government has established a growing energy mix by investing heavily in renewable energy projects like solar and wind power. This has led to the construction of new power generation facilities, transmission and distribution networks, and energy storage solutions.
The deployment of smart grid technology has also improved the management of electrical grids and helped reduce dependence on fossil fuels, thus, resulting in lower greenhouse gas emissions. Such development has created new jobs for the citizens and economic opportunities for many investors.
The Future Is Now
Many other industries are contributing to Australia’s electrical industry shifts & influences in 2023, each showing unmatched potential for improving the country's electrical efficiency while reducing its carbon footprint. There’s also a growing demand for commercial and industrial entities looking to invest in the country’s bright electrical future and help transform the lives of many individuals, not just in Australia but the rest of the world.