The system will have enough storage to power 80,000 homes in Victoria for an hour at times of peak demand.
Macquarie Asset Management and Green Investment Group partnered with Shell to build two massive batteries at the Rangebank business park in Cranbourne, south-eastern Melbourne, according to a joint press release published on Friday.
The $300-$400 million project will increase Victoria's "firming capacity" and provide essential services to ensure the stability of the system, enhancing Victoria's potential to host more renewable energy. will become more crucial as Australia moves away from coal-fired energy because of their capacity to store renewable energy when it is most plentiful and to release it when it is not sunny or windy., created by GIG and Shell Energy, aims to promote the safe, secure, and dependable functioning of Australia's power grid while increasing Victoria's capacity to host renewable energy.
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