Tuesday, 12 February 2019 05:58

Govt grant to help build compressed air energy storage project

By
The Angas Zinc Mine, the future site of Hydrostor's Angas A-CAES Project. The Angas Zinc Mine, the future site of Hydrostor's Angas A-CAES Project. Courtesy Hydrostor

The Federal Government has awarded a developer of utility-scale energy storage facilities a sum of $6 million to build Australia's first compressed air energy storage project.

Hydrostor received the grant through the Australian Renewable Energy Agency and also got an additional $3 million from the South Australian Government to build the $33.3 million project.

The project will be the first of its kind in the country and will see the repurposing of the Angas Zinc Mine in Strathalbyn, and the construction a 5MW/10 MWh fuel-free Advanced Compressed Air Energy Storage project.

Energy Minister Angus Taylor said in a statement that the government was happy to back this project which aimed to repurpose a brownfield mine site and support 24/7 power.

“Hydrostor’s A-CAES project is a welcome addition to Australia’s rapidly expanding renewable generation and storage technologies,” he said.

“Our government, through ARENA, is supporting the reliable integration of renewable energy through energy storage projects like this.”

Trade Minister Simon Birmingham said the project could be a game-changer for energy storage technology in South Australia.

“We’ll continue to back companies that invest in innovative emission-free storage solutions that develop a stronger and more reliable electricity supply,” he said.

“This is a major win for the state’s energy grid and will also have significant flow-on effects for local businesses and create more jobs in the region.”

LEARN HOW TO REDUCE YOUR RISK OF A CYBER ATTACK

Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has high potential to be exposed to risk.

It only takes one awry email to expose an accounts payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 steps to improve your Business Cyber Security’ you will learn some simple steps you should be taking to prevent devastating malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you will learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips

DOWNLOAD NOW!

ADVERTISE ON ITWIRE NEWS SITE & NEWSLETTER

iTWire can help you promote your company, services, and products.

Get more LEADS & MORE SALES

Advertise on the iTWire News Site / Website

Advertise in the iTWire UPDATE / Newsletter

Promote your message via iTWire Sponsored Content/News

Guest Opinion for Home Page exposure

Contact Andrew on 0412 390 000 or email [email protected]

OR CLICK HERE!

Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments