RAMSEY WELCOMES FEDERAL ANNOUNCEMENT BACKING LARGE-SCALE ENERGY STORAGE
Posted on Thursday, 2 February, 2017
Federal Member for Grey Rowan Ramsey said the Federal Government’s announcement
of support for large-scale storage through the Clean Energy Finance Corporation
(CEFC) and the Australian Renewable Energy Agency (ARENA) will be extremely
timely in encouraging investment in energy storage in Grey.
several serious investors looking into possibilities of building solar thermal
plans in Port Augusta this announcement will add to the attraction of investing
in storage capacity,” he said.
$1.2 billion solar-thermal power station has been proposed for Port Augusta by
renewables company Solastor Australia while US solar tower and thermal storage
technology developer SolarReserve has
proposed 110MW solar tower and storage plant.
“The Federal Government had requested the CEFC and ARENA provide a financial incentive
for flexible capacity and large-scale energy storage demonstration projects already
in their pipelines.
“With South Australia’s vulnerable and unreliable power issues, investment in
storage is vital to eliminate the issues we have seen, particularly the events
of last September.
“With targeted support, the costs of these innovative technologies will be
brought down, energy security enhanced and while developing local expertise.
The objective is that these technologies become commercially deployable without
any further government support.”
Initially, it is expected that ARENA will set aside around $20 million for
demonstration projects under its current Advancing Renewables Programme. These
demonstration projects will provide momentum for an expected competitive
funding round for large-scale energy storage.
Eligible projects are those which provide flexible capacity to the system
including battery storage and pumped hydro energy storage.
Consistent with other measures being considered by the Government to enhance
energy security, ARENA and the CEFC will also look to support related
innovative technologies that boost the stability of the electricity grid – such
as advanced control systems, smart grids and demand response measures.
ARENA and the CEFC’s future priorities will be informed by the Finkel Review
into the Future Security of the National Electricity Market and the CSIRO Low
Emissions Technology Roadmap.
“The announcement clearly demonstrates that Malcolm Turnbull is making energy
security, sustainability and affordability a priority issue for the Government
and Australia and nowhere is this more important than here in South Australia,”
Mr Ramsey said.
Media contact: Leonie Lloyd-Smith 08
February 1, 2017