Energy storage company Energy Vault Holdings Inc. and renewables provider ACEN Australia announced agreements for two 400 megawatt-hour (MWh) battery energy storage system (BESS) deployments in Australia.
Under the agreements, Energy Vault will deploy both a 50 MW/100 MWh BESS and a 150 megawatt (MW)/300 MWh BESS at ACEN’s 720 MW New England Solar project, located near Uralla, Australia.
The BESS will be charges and discharged daily and designed to dispatch stored renewable energy at peak consumption hours — while reducing New South Wales’ reliance on coal-fired power generation.
Construction of the deployments is expected to begin in the second half of 2024, with commercial operations expected in 2025 and 2026, the companies said in a May 9 press release.
“ACEN Australia’s New England Solar is a critical source of renewable energy for the NSW region, and we are proud to play a role in ensuring its ability to reliably provide the region with clean power in the most efficient and cost-effective manner possible,” said Robert Piconi, chairman and CEO of Energy Vault. “These deployments, and the tight timelines under which they will be delivered, stand as a testament to Energy Vault’s commitment to a customer-centric approach to energy storage as well as evidence of the growing global demand for reliable and effective energy storage solutions. We see today’s agreement as just the first step in a long and fruitful relationship with ACEN and their renewable power generation projects moving forward.”
Recommended Reading
Could Concentrated Solar Power Be an Energy Storage Gamechanger?
2024-03-27 - Vast Energy CEO Craig Wood shares insight on concentrated solar power and its role in energy storage and green fuels.
CERAWeek: NextEra CEO: Growing Power Demand Opportunity for Renewables
2024-03-19 - Natural gas still has a role to play, according to NextEra Energy CEO John Ketchum.
RIC Energy Sells 20 MW of Solar Plants to Luminace
2024-03-04 - RIC Energy says the facilities are expected to provide 100% clean energy to more than 5,000 homes participating in the utilities’ community solar programs.
Dominion Energy Grows Virginia Solar Energy Portfolio
2024-04-02 - Dominion Energy will own or acquire four Virginia solar projects, which have a total capacity of 329 megawatts, the company says.
OTC: Will More Electrical Demand Bring Energy Debate Back to Reality?
2024-05-06 - Energy experts, including Scott Tinker, touted the importance of discussing the environmental and economic impacts of moving energy forward at the 2024 Offshore Technology Conference.