The Hornsdale Power Reserve – Battery Energy Storage System (Expansion) is a 50,000kW energy storage project located in Hornsdale, South Australia, Australia. The rated storage capacity of the project is 64,500kWh.
The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2019 and will be commissioned in 2021.
Description
The Hornsdale Power Reserve – Battery Energy Storage System (Expansion) is owned by Neoen (50%), a subsidiary of Impala and The Government of South Australia (50%).
The key applications of the project are frequency regulation and inertia services.
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By GlobalDataContractors involved
Neoen and The Government of South Australia are the owners. Tesla is the technology provider for the project.
Additional information
The South Australian Government is playing an instrumental role in this project by committing $3 million AUD per year for 5 years in grant funding toward the expansion through its Grid Scale Storage Fund, to secure the delivery of the inertia benefits highly needed by the grid. On behalf of the Australian Government, the Australian Renewable Energy Agency has committed $8 million AUD in grant funding through its Advancing Renewables Program. The project will also be the first battery project in Australia to benefit from debt financing support from the Clean Energy Finance Corporation (CEFC). Network connection works have been completed for the project.
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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