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Thanks but with SA I'm referring to the CellCube Pangea VFRB...

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beeliney

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16/01/20

09:33

Post #: 42407059
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Originally posted by Pete1952: ↑

Google : Neoen , Hornsdale

French renewable energy developer Neoen hopes to have the additional capacity at the so-called Tesla big battery in South Australia to be on line and operating in March.

Neoen revealed late last year that it was adding 50MW/64MWh of new capacity to what is already the world’s biggest lithium-ion battery (100MW/129MWh) at what is formally known as the Hornsdale Power Reserve, next to the 315MW Hornsdale wind complex.

That added capacity will focus on new “grid services” such as inertia, and could supply up to 50 per cent of the inertia needs of the state as it moves towards its ambitious target of “net 100 per cent renewables” by around 2030.
It says its mission is to”support the stability of the grid, reducing the risk and severity of grid events such as black-outs, and to maximise returns to equity.” It notes that the battery will be operational for around 15 years, and in 2020 the company expects revenues of around $30 million, about the same as it declared for 2018
According to Energy Synapse, the three big batteries in South Australia secured revenue of $1 million in just two days – and only from energy arbitrage. Hornsdale’s share was around $450,000, but this did not include the FCAS market, or its $4 million retainer to have capacity on stand-by for the state government.

Neoen managed to land support from ARENA ($8 million in grant funding), the Clean Energy Finance Corporation ($50 million in debt funding) and the South Australia government ($15 million in grants) for the expansion at Hornsdale.

Neoen says the expanded battery will be capable of discharging more than 185MWh at the time of completion.
South Australia now has three large scale batteries in the state’s grid – the Tesla big battery at Hornsdale, the Dalrymple North battery next to the Wattle Point wind farm, and the Lake Bonney battery next to the wind farms of the same name.

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Thanks but with SA I'm referring to the CellCube Pangea VFRB joint venture near Port Augusta: https://reneweconomy.com.au/cellcube-to-build-huge-grid-scale-vanadium-battery-in-south-australia-86190/

Last edited by beeliney: 16/01/20

AVL Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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Thanks but with SA I'm referring to the CellCube Pangea VFRB...

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