The Solar plus storage industry is about to welcome the world’s biggest battery near Newcastle, Australia. This renewable energy storage marvel will be eight times bigger than the Hornsdale Energy Reserve – currently the largest lithium-ion battery in the world.
This grid-level battery has a capacity of 1200MW and will cost a total of $2.4 billion. It will be located in Hunter Valley Economic Zone at Kurri Kurri. The region holds a bold reputation as a powerhouse for New South Wales, and will continue to do so with the new addition. Moreover, Kurri Kurri’s strong infrastructure will make it easy for the battery to be connected to the grid.
According to CEP Energy, the company behind the project, the battery will spend most of 2022 under construction. And begin operations by 2023. Consequently, it has signed a 30-year lease with Hunter Investment Corporation.
The Commercial Renewable Energy Storage Landscape in Australia
The Hunter Valley storage project is part of a network of four grid-scale storage systems being planned within Australia. Combined, they would have a capacity of 2000MW.
Experts at CEP Energy voice that this futuristic planning is exactly what Australia, and the rest of the renewable energy world, need. It will help make commercial green power continuous.
Therefore, as more coal and gas plants seize operations, such projects will ensure solar power is available round the clock. Thus, helping decarbonize major chunks of the Australian power market, and bringing energy security as well.
These major investments in the New South Wales (NSW) region come on the heels of the NSW Energy Roadmap. It has secured investor confidence in the region’s efforts to contribute to a cleaner, greener Australia.