Industry Laureate Fellowships - Grant ID: IL230100020
Funder
Australian Research Council
Funding Amount
$3,528,655.00
Summary
Making optimal use of stormwater in cities: a market-driven smart-grid. Cities suffer the cruel irony of both floods and droughts. This program aims to bring the power of markets and Real-Time Control technology to confront these challenges, and in doing so, transform the urban water industry. It will create an optimisation and control platform, along with novel economic incentives, to enable a market-driven smart-grid of stormwater storages, providing consumers with non-potable water supply, wh ....Making optimal use of stormwater in cities: a market-driven smart-grid. Cities suffer the cruel irony of both floods and droughts. This program aims to bring the power of markets and Real-Time Control technology to confront these challenges, and in doing so, transform the urban water industry. It will create an optimisation and control platform, along with novel economic incentives, to enable a market-driven smart-grid of stormwater storages, providing consumers with non-potable water supply, while financially rewarding them for contributions to flood mitigation and environmental flows to waterways. The program will build the capacity and products to accelerate adoption of smart water technology, establishing Australia as an international market leader at a time when the market for this technology is exploding.Read moreRead less