Australian Green Bank to Fund Grid-scale Energy Storage

Australian green bank Clean Energy Finance Corp. has announced that it is working with the South Australian government to support Australia’s largest grid-scale storage project. CEFC will help develop a financing package to help the project development.

The South Australian government is supporting the construction of the country’s largest battery to store energy from wind and solar resources, as part of its $150 million Renewable Technology Fund.

The CEFC had been in discussion with a number or large-scale battery providers for some time, including those looking to offer potential energy storage solutions in South Australia. Plus, a growing number of studies point to renewables as the most affordable and secure, in addition to environmentally friendly energy options in Australia.

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