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November 1, 2021

Maoneng receives approval for battery project in South Australia

The battery project is expected to improve the reliability of the state's electricity grid.

By Umesh Ellichipuram

Australian renewable energy company Maoneng has received development approval for its Gould Creek Battery Energy Storage System (BESS) project near Adelaide.

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The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
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South Australia Planning and Local Government Minister Vickie Chapman authorised the BESS project, which has a total capacity of 225MWp/450MWh.

Located 22km from Adelaide’s central business district (CBD) area, the BESS will have the capacity to power almost 40,000 homes.

It is designed to make the electricity grid more reliable by sourcing electricity in off-peak seasons and delivering it at peak times.

The project will be built in the City of Playford near the Para transmission substation. It is expected to require a A$150m ($112m) investment.

Maoneng plans to begin construction works on the BESS next year. The project is expected to take 12 months to complete and create up to 160 construction jobs.

In addition to providing a reliable power supply for local communities, the BESS will support the state’s commitment to generating green energy and reducing emissions.

The project is sponsored by the Department for Energy and Mining’s Crown sponsorship and is expected to encourage investment in the local economy and community.

Maoneng co-founder and CEO Morris Zhou said: “This approval is good news for all South Australians, as more battery storage will help smooth the transition to clean energy.

“South Australia has high levels of renewable energy generation, which is a positive development but can create challenges balancing supply and demand due to the intermittency of renewables.

“Our proposed battery storage will help manage this, supporting local energy reliability and security while also promoting greater uptake of renewables as a whole.”

South Australia Trade and Investment Minister Stephen Patterson said: “This is a significant A$150m investment by Maoneng Australia in South Australia’s sustainable future, and I’m delighted to see an Australian-owned company that is so committed to the development of projects that are critical for powering a sustainable world.”

Related Companies

Free Report
img

Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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