Capital installs mega-battery on ScoMo’s coal plant

Via Bloomie:

Australia is planning another giant grid-scale battery as the global roll out of super-sized energy storage projects accelerates.

The project in New South Wales-state, which will be three times larger than the current No. 1 battery in California, aims to store energy for the grid as Australia raises its share of renewable power.

Renewable energy fund CEP.Energy Pty plans to begin construction on the 1,200-megawatt unit early in 2022, and bring the battery online the following year, the firm said Friday in a statement.

Big batteries “will play a major role in filling the gaps left by the gradual retirement of coal and gas-fired generation assets,” Chairman Morris Iemma said in the statement. The project will support the Hunter Valley region’s longer-term shift from its role as a coal-mining hub, he said.

Amusingly, ScoMo’s power troglodytes are busing tearing at each other’s flesh over whether to publically fund a 1000mw coal or gas plant in the Hunter which will take many years to build and won’t be able to compete:

Australian energy costs compared

In five years renewables will be much cheaper:

Price of solar and batteries over next 5 years

If it goes the way we think it will, renewables plus full storage will be more than 60% cheaper than coal and gas:

Price of solar and batteries over next 5 years

But hey, the adults are in charge.

David Llewellyn-Smith
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Comments

    • Know IdeaMEMBER

      The economics are becoming so compelling that substantive political opposition is increasingly exposed as Luddite ideology and/or pandering to donors.

  1. begin construction on the 1,200-megawatt unit

    That’s very close to 1.21 Gigawatts. Does someone in the CEP.Energy Fund have a De Lorean?

  2. Arthur Schopenhauer

    Now’s is the time to build a pair of battery factories. Yesterday was the time to build a PV factory.

    Without then, the Oz energy supply is strategically throttled.

  3. Arthur Schopenhauer

    This week’s Sinica Podcast on the attitude of China and Tech is excellent. Well worth a listen and very pertinent to Australia’s current predicament.

    If a country doesn’t make stuff, it has no power. It’s that simple Macro men.

  4. ‘The project will support the Hunter Valley region’s longer-term shift from its role as a coal-mining hub, he said.’
    How ??
    Have you seen how many people there are wandering around wind farms, solar farms and battery installations when they are operating? [email protected] all …Maybe 4 !!
    Their biggest resource input is sheep to keep the grass down.
    Not saying it shouldn’t happen, but jobs will go, lots of em.