(l-r) Dr Simon Gross from the MQ Photonics Centre and Professor Stefan Trueck from the Centre for Risk Analytics
Macquarie researchers in the Faculty of Science and Engineering and Macquarie Business School have been successful in the latest ARC Future Fellowship round.
Dr Simon Gross from the MQ Photonics Centre and Professor Stefan Trueck from the Centre for Risk Analytics were both awarded funding for their projects. This is the first Future Fellowship funding for the Macquarie Business School. Dr Gross was awarded $789,542, and Professor Trueck $914,503.
Dr Gross is working on the next generation of fibre optics, to help create new, better optical fibre systems that can overcome the inherent limits that the massive increase in internet use has exposed. His research involves working on ways of enabling the vast amounts of data travelling though our land and undersea cabling, thus avoiding a capacity crunch that, with our reliance on the internet, could have catastrophic consequences.
Professor Trueck is investigating financial innovation for electricity markets moving from fossil-fuel fired power generation to a higher share of renewable energy. Australian wholesale electricity prices are among the highest in the developed world and extremely volatile. This project will deliver new techniques and research infrastructure for the analysis of electricity markets. It will develop a framework that allows for evaluating market performance, financial risks, and the pricing of new financial products related to intermittent energy generation. By building strategies on how to guarantee the economic sustainability of the sector and decreasing the associated cost flow-on to electricity end-users, it will enhance the long-term viability of Australia’s industries.
The University placed fourth among NSW universities for funding received in this round, seventh among this cohort for success rate, and fourth for the number of successful applications.
We extend our congratulations to them, and wish them every success.
Take a look at the ARC website for a full list of the 2020 Future Fellowship grants.