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The Australian government has announced a $176 million (USD 117.5) funding injection which it expects will unleash almost $3 billion of investment in advanced battery technology, delivering a step change in grid-forming capability across the National Electricity Market.
The Australian government has announced a $117.5 million (AUD $176 million) funding injection which it expects will unleash over $2 billion of investment in advanced battery technology, delivering a step change in grid-forming capability.
Eight large-scale batteries to store renewable energy will be built around Australia to support the grid and help keep energy prices down, the federal government says.
Energy minister Chris Bowen says the batteries – shared between four states – will increase capacity tenfold to help stabilise the grid
With construction having started on a $295 million (USD 197 million) transmission project to connect the landmark Kidston Clean Energy Hub to the grid in far north Queensland, developer Genex Power has announced plans to boost the generation capacity of what is already Australia’s largest hybrid energy project combining wind, solar and pumped hydro.