The Victorian Government is investing $5 million in large-scale energy storage initiatives, including batteries and micro-grids, that will strengthen the state’s electricity system.
The funding will also be used to determine the best locations for storage and the best way to support the deployment of up to 5400MW of new renewable energy generation in the state.
“The funding will be used for an initial competitive tender for a battery of at least 20MW that will add to Victoria’s energy grid,” Victorian Minister for Energy, Environment and Climate Change, Lily D’Ambrosio said.
“By storing and releasing electricity when it is most valuable, smart energy storage technologies add to the performance and reliability of our energy system – which means less increases in power bills for consumers.”
By using technology like battery storage the government aims to reduce the need for costly network upgrades which lead to increases in power bills for consumers.
Large-scale energy storage is used throughout the world to add to grid security and stability, providing both immediate grid services and longer-term benefits to consumers.
Battery storage, micro-grids and internet-enabled devices – coupled with renewable energy sources – can be used to better manage energy demand.
This includes shifting energy use during peak electricity demand periods like heatwaves or after school.