Louis de Sambucy, Neoen Australia’s Managing Director said: “ We are extremely proud to have delivered the largest battery in Australia in record time. Local suppliers have been contracted for multiple elements of the project and community initiatives will be supported through an annual Community Benefit Fund over the asset’s lifetime.
VICTORIA 3 WARFARE FULL
The battery has also brought a significant economic boost to the Geelong region through the Covid lockdown period, creating over 150 construction jobs and 6 full time permanent positions. Independent analysis predicts that for every $1 invested the battery will deliver $2.40 in benefits to Victorian households and businesses. The Victorian Big Battery will contribute to the modernisation of the Victorian electricity network and will be instrumental in helping the State reach its target of 50% renewables by 2030.
The battery will also participate in the National Electricity Market and support increased penetration of renewables in Victoria through network services such as fast frequency control. Under the contract, the battery will provide an automatic instant response in the event of an unexpected network outage, providing AEMO with an additional means of ensuring grid stability. Initiated by the Victorian Government, the scheme unlocks up to 250 MW of additional peak capacity on the existing Victoria to New South Wales Interconnector (VNI) over the next decade of Australian summers. The Victorian Big Battery has a 250 MW System Integrity Protection Scheme (SIPS) contract with the Australian Energy Market Operator (AEMO). It was delivered in collaboration with Tesla, deploying its Megapack technology, and network partner AusNet Services. The battery storage facility is located next to Moorabool Terminal Station in Geelong, Victoria. Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading producers of exclusively renewable energy, has taken less than one year to build and start operating its 300 MW / 450 MWh Victorian Big Battery, one of the largest batteries in the world. It has twice the capacity of Hornsdale Power Reserve in South Australia, also owned and operated by Neoen Located in Geelong, Australia, the 300 MW / 450 MWh Victorian Big Battery is one of the world’s largest batteries.In ensuring grid stability, the battery will be instrumental in helping Victoria reach its target of 50% renewable energy generation by 2030.The battery unlocks 250 MW of additional peak capacity on the existing Victoria to New South Wales Interconnector over the next decade of Australian summers.Victorian Big Battery has started operating, just 12 months after Neoen was awarded a grid services contract with the Australian Energy Market Operator (AEMO).Neoen starts operating 300 MW Victorian Big Battery in Australia, one of the world’s largest batteries
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