Potential offtaker

University of Queensland

www.uq.edu.au

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Which other companies from Australia are actively involved in decarbonization initiatives?
  • Bingo Industries
  • Strike Energy Limited
  • SmartGroup Corp Ltd.
  • Downer EDI Limited
  • UNSW Sydney
  • Iress Limited
  • The University of Queensland (UQ) is a leading Australian public research university located in Brisbane, Queensland. Established in 1909, UQ is one of the oldest and most prestigious universities in Australia, consistently ranked among the top 50 universities in the world. It has a strong focus on research, innovation, and sustainability, and is committed to decarbonisation and the transition to renewable energy.

    UQ has a diverse range of faculties and schools, including the Faculty of Business, Economics and Law, the Faculty of Engineering, Architecture and Information Technology, the Faculty of Health and Behavioural Sciences, the Faculty of Humanities and Social Sciences, and the Faculty of Science. It also has a number of research institutes and centres, including the Australian Institute for Bioengineering and Nanotechnology, the Institute for Molecular Bioscience, and the Sustainable Minerals Institute.

    One of UQ's key priorities is decarbonisation, which involves reducing greenhouse gas emissions and transitioning to a low-carbon economy. UQ has set a target to achieve net-zero emissions by 2050, and has developed a comprehensive decarbonisation strategy to guide its efforts. This strategy includes a range of initiatives such as energy efficiency measures, renewable energy generation, and sustainable transport options.

    One of the key ways that UQ is working towards decarbonisation is through its corporate energy program. This program involves the implementation of energy efficiency measures across UQ's campuses, as well as the installation of renewable energy systems such as solar panels and wind turbines. UQ has already installed over 10,000 solar panels across its campuses, which generate around 4.5 million kilowatt-hours of electricity each year. This has helped to reduce UQ's carbon footprint and save money on energy costs.

    Another important aspect of UQ's corporate energy program is the use of corporate power purchase agreements (PPAs). A corporate PPA is a contract between a renewable energy generator and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy at a fixed price over a set period of time. UQ has signed a number of corporate PPAs with renewable energy generators, which has helped to increase the amount of renewable energy in its energy mix and reduce its reliance on fossil fuels.

    UQ is also committed to promoting renewable energy and sustainability more broadly, both within its own operations and in the wider community. It has established a number of sustainability initiatives, such as the UQ Green Office Program, which encourages staff and students to adopt sustainable practices in their workplaces and study spaces. UQ also hosts a range of sustainability events and activities, such as the annual Sustainability Week, which raises awareness about sustainability issues and promotes sustainable practices.

    In addition to its sustainability efforts, UQ is also a leader in research and innovation across a range of fields. It has a strong focus on interdisciplinary research, and has established a number of research centres and institutes that bring together researchers from different disciplines to tackle complex problems. Some of UQ's key research areas include health and biomedical sciences, renewable energy and sustainability, and advanced materials and manufacturing.

    Overall, the University of Queensland is a leading Australian university with a strong commitment to sustainability and decarbonisation. Through its corporate energy program, use of corporate PPAs, and other sustainability initiatives, UQ is working towards a more sustainable future and helping to drive the transition to renewable energy. Its focus on research and innovation also positions it as a key player in addressing some of the world's most pressing challenges.

    ✓ Current offtaker under Corporate PPA's