Samsung and Northern Territory partner to develop green energy hub

Samsung C&T Corporation Engineering & Construction has signed a deal with the Northern Territory to develop a green energy and sustainable manufacturing hub.

The main aim of the MoU, signed is to establish a large-scale renewable energy generation, transmission and storage in the NT, focussed on developing photovoltaic, wind, and hydrogen generation technologies, as well as battery energy storage systems.

The Middle Arm Sustainable Development Precinct will be one of the locations investigated for the hub.

Samsung C&T President & CEO of Engineering & Construction Group, Sechul Oh added that it will build “a substantial manufacturing hub” as part of the development.

“Samsung C&T is committed to global industry decarbonisation, leveraging the exceptional resources in the Northern Territory,” Oh said.

“The MoU establishes a collaborative partnership for building a prime hub dedicated to green energy production.

“Together, we aim to decarbonise Australia and South Korea and contribute to the development of a sustainable economy.”

NT Chief Minister Natasha Fyles said the territory’s solar resources and location close to Asia positions it will for the energy transition.

“Signing today’s green energy MoU with Samsung C&T, is a key step towards creating local jobs and significantly contributing to the Territory’s drive to become a hub for low emissions sustainable manufacturing,” Fyles said.

“The MoU sets out how the NT Government and Samsung C&T will work collaboratively to explore options and conduct feasibility investigations including how we can facilitate this project being built in the Territory.”