Batteries poised to reap rewards of renewable energy transition, says report

Source: University of Queensland

Big batteries, and grid-connected battery energy storage in general, are in a prime position to cash in on the renewable energy transition, a major new report from the University of Queensland has confirmed.

The 27-page report, published on Tuesday, provides a detailed Performance Review of the 1.1MW/2.2MWh Tesla Powerpack battery that was installed at the University of Queensland’s St Lucia Campus in late 2019.

As RenewEconomy has reported, the $2.05 million grid-connected battery was installed to help the UQ become a 100% renewable ‘Gensumer’ – playing on both sides of the energy market, including as a generator via its 64MW Warwick Solar Farm, and using energy storage and demand response to power the Uni flexibly, sustainably, and economically.

The 2020 Performance Review report concludes that the St Lucia battery achieved “excellent results” from a technical perspective over the course of the year, including in its ability to beat the state’s gas peakers at their own game.

https://reneweconomy.com.au/batteries-poised-to-reap-rewards-of-renewable-energy-transition-says-report/amp/