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  1. Market Data
September 2, 2021

AGL Energy Virtual Power Plant – BESS, Australia

By Carmen

The AGL Energy Virtual Power Plant – BESS is a 5,000kW energy storage project located in Australia. The rated storage capacity of the project is 7,000kWh.

The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2016.

Description

The AGL Energy Virtual Power Plant – BESS is being developed by AGL Energy. The project is owned by Australian Renewable Energy Agency (100%).

The key application of the project is electric bill management with renewables.

Contractors involved

Australian Renewable Energy Agency is the owner. AGL Energy is the developer. Sunverge Energy is the technology provider for the project.

Additional information

The Energy Storage System is funded by a $5,000,000.00 investment from Australian Renewable Energy Agency (ARENA). This project is the world’s largest, the first of its kind and an innovative solution to both help customers manage their energy bills and at the same time contribute to grid stability. The project partners include the Federal Government through its renewables funding agency, The Australian Renewable Energy Agency (ARENA), and US-based energy storage and management company, Sunverge. Under the first phase of the project, Sunverge will supply the first 150 batteries.

About AGL Energy

AGL Energy Ltd (AGL) is an integrated energy company that owns, operates and develops energy assets and provides natural gas, electricity, solar photovoltaic solutions and related products and services. The company’s power generation portfolio includes coal, gas, hydro, wind, solar, landfill and biomass based power generation facilities. It also invests and operates natural gas exploration, development and production tenements and operates natural gas storage facilities. The company serves wholesale markets, consumer markets and business customers across New South Wales, Victoria, South Australia and Queensland in Australia. AGL is headquartered in Sydney, Australia.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

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