Posted by Jason Cartwright
February 25, 2021
As fragment of Victoria’s ambitions to reach 50% renewable energy by 2030, the speak is investing in cleaning up the grid. The latest announcement from Neoen Australia, confirms Tesla because the worthwhile candidate to supply the big battery.
Tesla continues to be worthwhile in Australia, playing a fragment in many renewable energy initiatives, during a form of states, after famously entering Australia with the Enormous Battery in South Australia.
Neoen is a France-based fully energy firm that owns and operates checklist voltaic and wind farms in 13 countries on four continents.
“We’re contented to shriek that the Victorian Enormous Battery has reached this crucial financial milestone.
I would esteem to thank the CEFC for their renewed belief and dedication towards supporting innovative storage solutions.
We’re heading in the correct direction to elevate this project before the following Australian summer and are looking forward to playing our fragment in helping Victoria reach its ambitious goal of 50% renewable energy by 2030.”
Neoen Australia managing director Louis de Sambucy
The 350MW / 450MWh utility-scale battery storage will gain funding from the Blooming Energy Finance Corporation to the tune of $160 million. This would possibly perchance perchance perchance providing a extreme increase to the speak’s grid security whereas driving down energy prices and supporting more renewable energy.
The project will leverage Tesla MegaPack, in conjunction with their Autobidder software to sell energy into the grid. Autobidder is one in all Tesla’s most underappreciated products from the firm.
Autobidder allows firms esteem Neoen to autonomously monetize battery resources. Autobidder is a proper-time trading and retain watch over platform that permits the kept energy in the Tesla MegaPacks to be supplied into the market. This happens at a portion of the fee (and rate) of frail gas peaker vegetation that had been keep in keep to enhance the response times of the even slower coal-fired energy vegetation. Tesla even references the success of the Hornsdale Energy Reserve, on their Autobidder web disclose.
Neoen estimates that the project will compose better than 80 jobs during building and 6 chubby time.
“Energy storage supports rate efficient, authentic, trim electrical energy and is a key a part of Australia’s transition to a low emissions financial system. This project is a world-class instance of how utility scale batteries can help electrical energy networks abet a increased penetration of renewable energy.
The VBB will enhance grid security by providing extra capability during the peak summer months. This would possibly perchance perchance perchance also contribute to the dispatchable sources wished to underpin the increasing fragment of renewable energy that would possibly perchance create up Australia’s future energy mix.”
CEFC CEO Ian Learmonth
It’s expected to be operational for the 2021-22 summer.