The installation will be used to provide “critical peaking capacity” and “increased” grid reliability. AES will provide a system with a four-hour duration based on Fluence’s Advancion platform. It will be leased under a 20-year contract with AES the owner and operator of the project.
The Australian Renewable Energy Agency (ARENA) has approved A$6 million of funding for the country’s first compressed air energy storage (CAES) project.