Onslow project: an 'analogue solution in a digital age'

Ian Llewellyn
Fri, 29 Jul 2022

Onslow project: an 'analogue solution in a digital age'
Vimal Vallabh, Morrison & Co’s global head of energy, says investors have to weigh up risks to make returns. (Image: Supplied)
Ian Llewellyn
Fri, 29 Jul 2022
The Lake Onslow pumped hydro project is an ‘analogue solution in a digital age’ and the government even just talking about it as a possibility is chilling investment, a global energy investment manager says.Vimal Vallabh, Morrison & Co’s (MCO) global head of energy, said the pumped hydro scheme is an outdated idea and there are better solutions to solving New Zealand’s dry year problem to ensure energy security as the country pushes towards 100% renewable electricity generation.Vallabh is responsible for deploying bi...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
A2 shares plunge over FDA formula deferral
Staff reporters | Wed, 10 Aug 2022

A2 shares dropped 11% to $5.01 in early morning trading opened but made up a bit of lost ground by the end of the day.

Tourism needs to 'embrace' job-sharing to spur recovery – report
Brent Melville | Wed, 10 Aug 2022

An industry that lost more than a third of its workforce during the pandemic needs to start thinking differently about work sharing.

Primary Sector
A2 Milk gets shot down because of issues in application
Rebecca Howard | Wed, 10 Aug 2022

The FDA continues to work around the clock to address current supply challenges, including reviewing a number of requests from manufacturers for enforcement discretion, as quickly as possible, a spokesperson said. 

A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.

Energy of the future: Why we need innovation

The Tomorrow’s Energy Today conference is looking at ways to develop a clean, affordable and reliable energy future, says Brendan Winitana, chair of the Sustainable Energy Association New Zealand (SEANZ).