The South Australia Virtual Power Plant Project Stage II is a 5,000kW energy storage project located in South Australia, Australia.
The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2018 and was commissioned in 2021.
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Description
The South Australia Virtual Power Plant Project Stage II was developed by AGL Energy.
Contractors involved
AGL Energy, LG Chem and Tesla have delivered the battery energy storage project.
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By GlobalDataAdditional information
The project is a part of AGL Energy Ltd’s South Australia Virtual Power Plant program. The program will be funded via a AU$2 million grant ($1.59 million USD), and a AU$30 million ($23.8 million USD) loan from a state-funded technology fund. The project has a total value of AU$800 million ($634 million USD), which will also be funded by investors.
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.
