Which energy company has started construction on Wooreen battery energy storage system?
Image: EnergyAustralia. Energy company EnergyAustralia has today (28 February) confirmed that it has started construction on its 350MW/1,400MWh Wooreen battery energy storage system (BESS) days after it reached financial close. The 4-hour duration BESS is situated within the Latrobe Valley in Victoria.
What are Victoria's energy storage goals?
It is worth noting that Victoria has several energy storage targets in place, including having at least 2.6GW of capacity by 2030, with this to be increased to at least 6.3GW by 2035. Eku Energy is an energy storage development platform that was launched through the Macquarie Asset Management-owned Green Investment Group (GIG) in late 2022.
When did the Wooreen battery energy storage system close?
Financial close on the Wooreen BESS (pictured) was achieved on 20 February. Image: EnergyAustralia. Energy company EnergyAustralia has today (28 February) confirmed that it has started construction on its 350MW/1,400MWh Wooreen battery energy storage system (BESS) days after it reached financial close.
What is a battery energy storage system?
A Battery Energy Storage System (BESS) is an advanced technology designed to store electrical energy for later use. It works by charging batteries when there is excess power in the grid, and releases it during high demand to maintain a reliable energy supply for the network.
How will the rangebank Bess project help Victoria meet its energy goals?
The project will help Victoria meet its energy storage targets of 2.6GW by 2030 and 6.3GW by 2035. The Rangebank BESS project will feature a storage capacity of 200MW. Credit: Fluence Energy. The Rangebank BESS project will feature a storage capacity of 200MW. Credit: Fluence Energy.
How will a CO2 battery benefit Victoria's local energy industry?
The company is also working to identify potential sites across Victoria to house its CO2 Battery technology. This is set to boost long duration energy storage capacity, local supply chains and sustainability in Victoria’s local energy industry.
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EnergyAustralia begins construction of …
Energy company EnergyAustralia has today (28 February) confirmed that it has started construction on its 350MW/1,400MWh Wooreen battery energy storage system (BESS) days after it reached financial close. …
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D''Ambrosio emphasised that the project will help achieve approximately 23% of Victoria''s 2030 energy storage capacity target. Energy storage will also play a vital role in facilitating new renewable energy generation projects, by harnessing variable technologies such as wind and solar PV.
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This project will help meet Victoria''s demand for storage, as well as our target of at least 2.6 gigawatts of energy storage capacity by 2030 and 6.3 gigawatts by 2035. Victoria is transitioning to 95 per cent renewable energy generation by 2035. With large amounts of solar and wind coming online, large-scale storage is essential.
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Energy company EnergyAustralia has today (28 February) confirmed that it has started construction on its 350MW/1,400MWh Wooreen battery energy storage system (BESS) days after it reached financial close. The 4-hour duration BESS is situated within the Latrobe Valley in Victoria.
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