The Australian Renewable Energy Agency (ARENA) will provide up to AUD 12 million (USD 9.6m/EUR 8m) to help build a 30-MW battery in South Australia.
The state will in this way get its second large-scale battery after Tesla Inc (NASDAQ:TSLA) recently won a tender by the state government to construct a 100 MW/129 MWh energy storage facility that will work together with Neoen's 315-MW Hornsdale wind farm.
The 30-MW battery, announced last week, is a partnership between ARENA and network provider ElectraNet. Worth a total of AUD 30 million, the battery will be located at the Dalrymple substation on the Yorke Peninsula, west of Adelaide. It will improve grid security and, hopefully, help curb rising power bills. Batteries are a quick way to tackle increasing prices as they expand capacity at peak periods and can be installed in months, ARENA explained.