A team from Griffith University has tackled the move from fossil-fuels to renewable energy to place in the Top 7 of the Global Business Challenge (GCB).
Griffith MBA students Les Adams, Wendy Zernike and Erik Malan competed against 98 other teams, representing 38 universities from 14 countries.
The GCB is a graduate business case competition, with the aim of designing ‘sustainable solutions to global problems’.
This year, participants were asked to identify solutions that lower the cost and/or reduce the risks associated with the transition from fossil-fuel based energy to achieving sustainability and reliability from renewable energy sources.
Wendy Zernike said they approached the task by trying to identify one of the biggest road blocks.
“Storage of renewable energy kept popping up as a way to address the intermittency issues that frequently occur with renewable energy inputs such as solar and wind,” she explained.
“We looked at current storage solutions and identified new technology that could be used