open-CEM Version 1 Released

ITP Renewables in conjunction with development partners the Centre for Energy and Environmental Markets at University of New South Wales, the Energy Transition Hub at the University of Melbourne, software development specialists ThoughtWorks and the US Strategic Energy Analysis Center of the National Renewable Energy Laboratory are pleased to announce Version 1 of open-CEM has been released. open-CEM is an open source model of the national electricity market (NEM) that can be used by policy makers, project developers, investors and the interested public to run unlimited scenarios of the development of the NEM out to 2050. With open-CEM, users can see when, where and what kind of energy generation and storage capacity, and transmission capacity should be added, and when and where carbon intensive generation should be retired, in order to achieve user specified outcomes.openCEM is a ground-breaking initiative as it unlike similar models that are privately held and offer the public limited detail on how they actually work, openCEM is free to use and open to scrutiny and expert review. Users can inspect every line of code and can control every input assumption. Media articles RenewEconomy PV magazine open-CEM’s first practical application for energy transition and hydrogen export scenario see article and podcast (from 17:35) For more information visit www.opencem.org.au

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