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. December 19, 2022 David CarrollThe federal government has signed off on a $176 million investment which will deliver eight large-scale batteries with a combined 2 GW/4.2 GWh of storage capacity which will help stabilise and balance the National Electricity Market (NEM) as Australia transitions from coal-fired power to renewables.Funded through the government-owned Australian Renewable Energy Agency’s (ARENA) Large Scale Battery Storage Funding Round, each battery will be equipped with grid-forming inverter technology, allowing them to provide essential system stability services traditionally provided by synchronous…
ARENA big battery deal to deliver 4.2 GWh of energy storage – pv magazine Australia
