The Andrews Labor Government today announced $5 million to support Victorian large-scale energy storage initiatives that will strengthen our electricity system for the future.
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.
The funding will also be used to determine the best locations for storage and the best way to support the deployment of up to 5400 MW of new renewable energy generation in Victoria.
By using technology like battery storage we can reduce the need for costly network upgrades which lead to increases in power bills for consumers.
The Labor Government’s continued investment in next generation energy storage will ensure Victoria remains one of the most reliable energy systems in the world.
Quotes attributable to Minister for Energy, Environment and Climate Change Lily D’Ambrosio
“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.”
“The funding will be used for an initial competitive tender for a battery of at least 20 MW that will add to Victoria’s energy grid.”