Home batteries are for all are are much better spend that the $1.5Billion being spent on the Kurri Kurri gas plant that will be used 1 week per year
The Kurri Kurri gas plant, initially estimated at $600 million, is now expected to cost over $1 billion and is projected to operate at a very low capacity factor, around 2% of its full capacity, orroughly a week per year.
Here's a more detailed breakdown:
Cost:
The project's initial cost estimate of $600 million has significantly increased, with the final cost now projected to be over $1 billion.
Running Time:
The plant is designed to operate as a "peaking" plant, meaning it's intended to supply electricity on short notice when there's a demand, rather than running continuously.
Capacity Factor:
Snowy Hydro expects the plant to operate at a capacity factor of around 2% annually, which translates to roughly a week of operation per year.
Fuel:
While initially planned to run on natural gas, the plant is expected to rely on diesel for its initial operations, and the gas pipeline connection and storage infrastructure are not yet fully developed.
Criticism:
The project has faced criticism for its high cost and the low expected operating capacity, with some questioning its value and necessity.
Construction:
Construction is still underway and has been pushed back, and the exact date of when the site will produce power has been pushed back.
