Speaking of storage challenge (though not specifically green storage in this case)
this announcement from my little corner of the world made some headlines this week:
Quoting from
this news article:
An energy provider's plan to build Australia's largest battery is the latest development in a quickly transitioning energy market.
Origin Energy has unveiled plans to build a giant 700-megawatt capacity battery at its coal-fired power plant in Eraring, south of Newcastle, in the New South Wales Hunter region.
Origin's proposed 700MW battery, and Neoen's 500MW battery in western NSW, will be the two largest storage devices in the world, and will be worth a combined $1 billion.
The plan is to feed the battery with the existing coal power plant, transitioning to storage and load distribution once the power plant reaches end of life in a decade.
It's a fast changing space here in Australia. Investment in green energy is charging ahead, despite mixed messages and a lack of incentives at the Federal level. The rationale I read is a reduced appetite for money lenders to invest in new fossil fuel projects, the
cost effectiveness of
new renewable versus fossil fuel projects, and
plummeting confidence in
existing fossil fuel investments.
The proto-battery facility in South Australia, the largest in the world at the time of completion, has
proven its worth in the three years since. It has more than paid for itself in energy savings to consumers, and absorbed fluctuations in the grid avoiding regular summertime brown- and blackouts.