Skip to content
Energy, Engineering

Australian industry calls for action on five key areas to accelerate energy transition in new AECOM report

AECOM 3 mins read

BRISBANE (December 05, 2023) — AECOM, the world’s trusted infrastructure consulting firm, has called for the industry to work together to achieve energy transition at speed and scale in a new thought leadership report, The Future of Infrastructure: Lost in transition?

 

In the report, which draws on a survey of nearly 850 senior executives from organisations across 22 countries and nine industries, Australian interviewees identified five areas where action will accelerate the energy transition.   

 

“We know organisations face challenges in realising their energy goals,” said Mark McManamny, Chief Executive of AECOM’s Australia and New Zealand region. “As we partner with clients to navigate the energy transition, we have a huge opportunity to leverage global expertise to accelerate and harness Australia and New Zealand’s unique natural resources to become future renewable energy leaders.”

 

The report features insights from industry leaders Jacqui Bridge, Executive General Manager of Energy Futures at Queenland’s Powerlink and Alistair Parker, CEO of Victorian state government agency, VicGrid.

 

“Our markets have been set up on the idea that competition leads to lower costs and better outcomes, but in the case of energy transformation, we need to better coordinate labour and equipment,” said Jacqui Bridge. “It’s the overall goal of decarbonisation that matters, not who gets there first.”

 

Alistair Parker highlights the importance of working with communities, landholders, and Traditional Owners to ensure that their rights, needs, and aspirations are respected and addresses the opportunity to embed innovative construction methods: “We are going to see the application of some new construction methods coming through for power grid infrastructure that can make a big impact. This could be prefabrication of components off-site, which enables more modular construction. This is quicker to implement and reduces the demand for technical skills out in the field.”

 

Australian companies identified five actions to accelerate the energy transition:

 

1/ More innovative construction
Implement innovative technologies and construction practices to help reduce costs, quicken delivery, and reduce the demand for technical skills out in the field.


2/ Coordinated development

Focus on coordinated development efforts, such as Renewable Energy Zones, provide clarity and cohesion between utilities, developers, communities and the regulator, make it easier to plan and allocate resources, and reap the benefits of economies of scale with renewable energy assets concentrated in one area.

3/ Increase social licence

Ensure all Government and regulatory policies fit within a wider, structured plan that protects and promotes communities. Social license can be increased with improved community consultation and benefit-sharing opportunities.

4/ Share knowledge and strengthen supply chain
Upskill and support supply chains with investment assurance and knowledge sharing. Almost three-quarters of organisations in our research (73 percent) say they are prepared to help suppliers and partners accelerate their adaptation to the energy transition.

 

5/ Invest in the future workforce

Invest in early workforce training to leverage fossil fuel professionals and grow the talent pipeline through proactive engagement with school and university students. Nearly one-third of organisations report that they cannot attract the skilled professionals needed to implement their energy transition efforts.

 

“The energy transition is a continuum with organisations at many different points, and for AECOM it is about helping them close the gap between aspiration and implementation when it comes to net zero,” said Lara Poloni, AECOM’s president. “Our latest Future of Infrastructure report provides learnings from discussions with global leaders and from our own Sustainable Legacies strategy to locate organisations and industries on the continuum of the energy transition and present direct, actionable steps to progress.”

 

Read the report here.

 

AECOM is a recognised leader in sustainability and resilience and the energy transition through the outcomes it delivers for clients and through its own decarbonisation journey. The Company was one of the first in the world to have emissions reduction targets approved by the Science Based Targets initiative (SBTi) to reach science-based net zero by 2040. Through the continued success of AECOM’s Sustainable Legacies strategy, the firm is delivering resilient, sustainable and equitable solutions to national governments, global Fortune 500 companies, prominent NGOs and other major clients around the world.

 

 


About us:

About AECOM
AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.


Contact details:

Alison Gillies
Head of Communications
+61 466 297 408
alison.gillies@aecom.com

Media

More from this category

  • Energy, Engineering
  • 25/06/2024
  • 20:00
Monash University

Monash Expert: Lithium battery plant fire in South Korea

A Monash University expert is available to provide comment after a fire broke out at a lithium battery factory in South Korea today:Professor Matthew Hill, Head (incoming), Department of Materials Science and EngineeringContact details: +61 408 878 529 or Matthew.Hill@monash.edu The following quotes can be attributed to Professor Hill:“This is an absolute tragedy. The chemistry appears to beLithium-Thionyl-Chloride, a non-rechargeable battery. The battery uses metallic lithium as an anode, and thionyl chloride as the cathode. When these batteries are used in consumer products, they are usually very small, and used in low power systems like sensors and radio communication devices.“It…

  • Energy, Oil Mining Resources
  • 25/06/2024
  • 15:55
Mining and Energy Union

Long-overdue report shows CS Energy dropped the ball on safety at Callide: MEU

Adraft report released todayinto the May 2021 explosion that tore through Callide power station’s C4 Unit exposes a culture of poor risk management by operator CS Energy, the Mining and Energy Union said today. MEU Queensland President Mitch Hughes said Callide workers deserved an explanation of what had gone wrong as they worked towards returning the damaged unit to service next month, but the report’s publication was long-overdue. “Publication of this report at last provides some transparency and insight into what has occurred, and we look forward to reviewing it in detail,” said Mr Hughes. “It illustrates how extreme the…

  • Energy, Government QLD
  • 25/06/2024
  • 11:54
Power Together Coalition

MEDIA RELEASE: Townsville community to be powered by the sun around the clock in new Local Renewable Energy Zone

The Queensland government has announced $40million for a Local Renewable Energy Zone (LREZ) in Townsville, with local network-connected batteries allowing renewable energy generated by rooftop solar to be shared amongst the whole community throughout the day and night. The LREZ allows households with rooftop solar to feed into community batteries during the middle of the day when demand is low, then all residents connected to the LREZ network can access this clean community generated energy during peak times in the evening. This system has the added benefit of giving clean affordable energy to community members who are unable to install…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.