Amp Energy Advances Renewable Energy Hub with BESS Construction and Financing Milestone in South Australia
Key Ideas
- Amp Energy has secured financing from various financial entities for the construction of the BESS, marking a crucial step in their mission for renewable energy in Australia.
- The Renewable Energy Hub in South Australia will include solar PV power plants, BESS installations, and a hydrogen production facility, requiring a significant investment.
- Wärtsilä will provide its Quantum High Energy storage technology for the BESS project, supporting grid stability and security with advanced features.
- The technology, utilizing lithium iron phosphate cells, offers higher energy density and compact solutions for energy storage projects, with deployments planned in the UK and Australia.
Amp Energy Australia has commenced the construction of the first stage of the Battery Energy Storage System (BESS) in South Australia, a critical milestone in their mission to foster renewable energy. The project, forming part of a larger Renewable Energy Hub development in the Mid-North region, has secured financing from institutions like Commonwealth Bank of Australia and Westpac Institutional Bank. The hub will feature solar PV plants, BESS installations, and a hydrogen production facility, requiring a substantial AU$2 billion investment. Wärtsilä's Quantum High Energy storage technology will be deployed for the BESS, supporting grid stability and security with advanced features. The technology boasts higher energy density and compact solutions, with planned deployments in the UK and Australia, including the Eraring Power Station BESS project. This development signifies a positive step towards sustainable energy infrastructure and the energy transition in Australia.
Topics
Projects
Renewable Energy
Infrastructure
Technology
Energy Transition
Solar Power
Energy Storage
Finance
Project Development
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