On behalf of the Australian Government, the Australian Renewable Energy Agency (ARENA) has today announced $176 million in conditional funding to eight grid scale battery projects across Australia.
Funded under ARENA’s Large Scale Battery Storage Funding Round, each battery will be equipped with grid-forming inverter technology, allowing them to provide essential system stability services traditionally provided by synchronous generation such as coal and gas.
With a total project value of $2.7 billion and a capacity of 2.0 GW / 4.2 GWh these projects represent a tenfold increase in grid-forming electricity storage capacity currently operational in the National Electricity Market.
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https://arena.gov.au/funding/large-scale-battery-storage-funding-round/