​A landmark report by the Net Zero Project, involving the University of Melbourne, University of Queensland, Princeton University, and consultancy Nous Group, outlines the immense scale of Australia's transition to carbon neutrality by 2050. The study finds that the National Electricity Market must triple in capacity by 2030, necessitating trillions of dollars in investment. While renewable energy, storage, and electrification are central to this transition, the report emphasizes that gas-fired power will remain a critical backup, with capacity needing to double to ensure grid reliability during peak demand and renewable shortfalls. This underscores gas's role as a safety net in the clean energy shift. ABC

At LD Energy, we are actively supporting this transition by developing flexible gas peaker projects across Queensland, New South Wales, and South Australia. Our initiatives, such as the Lockyer Energy Project in Queensland, integrate gas turbines with large-scale battery storage to provide reliable, fast-start power that complements renewable sources. These efforts align with the report's findings, highlighting the essential role of gas peakers in ensuring a stable and resilient energy grid as Australia moves towards a net-zero future.