Large Scale Energy Storage: An Investment In Jobs, Reliability And Affordability

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The Andrews Labor Government will invest an additional $20 million to support large-scale energy storage initiatives across Victoria, creating jobs, protecting affordability and maintaining the reliability of our energy grid. Premier Daniel Andrews and Minister for Energy and Environment Lily D’A

The Andrews Labor Government will invest an additional $20 million to support large-scale energy storage initiatives across Victoria, creating jobs, protecting affordability and maintaining the reliability of our energy grid.
Premier Daniel Andrews and Minister for Energy and Environment Lily D’Ambrosio made the announcement, which takes the Government’s total investment in energy storage to $25 million, during a tour of Tesla’s Melbourne headquarters.
This new funding will support energy storage companies that specialize in technologies including batteries, pumped hydro or solar thermal, partner with network businesses to boost energy storage capacity in Victoria up to 100MW by the end of 2018.
For example, a 20MW battery could power a town the size of Bendigo or Ballarat for up to four hours during a peak demand period and avoid outages.
Storage of this size is a first for Victoria and will drive innovation in our electricity sector and modernize the network – it means more investment and more jobs.
Energy storage, micro-grids and internet-enabled technologies, coupled with renewable energy sources, can also be used to better manage energy demand, especially in peak periods.

Alongside this investment, the Government is also setting up an Energy Taskforce of Cabinet to ensure Victoria remains one of the most affordable and reliable energy systems in the world. It will hold its first meeting today.
Expressions of interest for the second round of tenders are being sought by April 15 2017. For contact information click the link below.

Source: Renewable Energy World

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