EnviroMission Ltd
Total capacity of implemented projects
500 - 1000 MW
Countries of projects presence
2
EnviroMission Ltd is an Australian company that specializes in the development of solar renewable projects. The company was founded in 1997 and is headquartered in Melbourne, Australia. EnviroMission is a publicly listed company on the Australian Securities Exchange (ASX) and has a market capitalization of approximately AUD 45 million.
EnviroMission's primary focus is on the development of large-scale solar thermal power plants that generate electricity by harnessing the power of the sun. The company's flagship project is the Solar Tower, a 200 MW solar thermal power plant that is currently under development in New South Wales, Australia. The Solar Tower is expected to generate enough electricity to power approximately 200,000 homes and reduce carbon emissions by approximately 900,000 tonnes per year.
The Solar Tower works by using a large greenhouse-like structure to capture the sun's rays and heat the air inside. The hot air then rises up a tall tower, which drives turbines to generate electricity. The Solar Tower is unique in that it does not require any fuel or water to operate, making it a truly sustainable and renewable energy source.
EnviroMission's Solar Tower project has received significant support from both the Australian government and the local community. The project has been granted Major Project Status by the Australian government, which provides a streamlined approval process and access to government funding. The Solar Tower has also received strong support from the local community, with over 90% of residents in the surrounding area expressing support for the project.
In addition to the Solar Tower, EnviroMission is also developing a number of other solar renewable projects in Australia and around the world. The company is currently exploring opportunities in the United States, Europe, and the Middle East, where there is growing demand for renewable energy sources.
EnviroMission's success in the solar renewable sector is due in large part to its innovative approach to project development. The company has a team of experienced engineers and project managers who are dedicated to finding new and innovative ways to harness the power of the sun. EnviroMission also works closely with local communities and stakeholders to ensure that its projects are socially and environmentally responsible.
One of the key challenges facing EnviroMission and other companies in the solar renewable sector is the high cost of solar technology. While the cost of solar panels has come down significantly in recent years, the cost of large-scale solar thermal power plants remains high. EnviroMission is working to address this challenge by partnering with other companies and governments to develop new technologies and financing models that can make solar energy more affordable and accessible.
Despite these challenges, EnviroMission is well positioned to continue its growth in the solar renewable sector. The company has a strong track record of successful project development and a dedicated team of professionals who are committed to finding new and innovative ways to harness the power of the sun. With the growing demand for renewable energy sources around the world, EnviroMission is poised to play a leading role in the transition to a more sustainable and environmentally responsible energy future.