Construction has wrapped up on the expansion of Hornsdale Power Reserve (HPR), taking the big battery’s upgraded capacity to 150 megawatts.
Delivered in partnership with Tesla, the South Australian Government, and the Federal Government through the Clean Energy Finance Corporation (CEFC) and the Australian Renewable Energy Agency (ARENA), the increased storage capacity of HPR aims to enhance its ability to stabilise the grid, avoid price volatility and reduce the risks of blackouts.
According to an independent review conducted by Aurecon, the initial 100-megawatt battery has delivered over $150 million in savings to South Australian energy consumers.
Aurecon also found construction of the battery expansion led to 158 jobs and generated over $300 million AUD in economic value, half of this within the Yorke and Mid North region.
Neoen Australia’s Managing Director Louis de Sambucy said the company was thrilled to announce the completion of the expanded 150 MW Hornsdale Power Reserve less than one year after its launch.
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“This achievement was made possible through the dedication of the project team including our ElectraNet and AEMO counterparts, and with the ongoing support of our partners Tesla, the South Australian Government, the Australian Government through the CEFC and ARENA,” de Sambucy said.
“With this expansion and the commencement of grid-scale inertia testing, Neoen continues to lead the way in battery storage innovation and reinforces its contribution and commitment to South Australia’s 100 per cent renewable energy target.”
CEFC CEO Ian Learmonth said the Hornsdale Power Reserve is a great example of the technological innovation that has developed to help deliver cleaner, cheaper renewable energy across a stronger, more reliable grid.
“As the first project financing of a stand-alone large scale battery in the Australian market, it also provides a model for other investors and developers as they consider grid-related technologies, which can be delivered in a relatively tight timeframe,” Learmonth said.