Eku Energy has finalized financing for its 250 MW/500 MWh energy storage system in Canberra, contributing to the energy security of the ACT and its ambitious climate goals.
Will Canberra's energy supply be future-proofed?
The ACT Government is future-proofing Canberra's energy supply by expanding its renewable energy storage with a new partnership with global specialist energy storage business, Eku Energy, launched by Macquarie's Green Investment Group.
Whether or not solar energy storage makes economic sense for your home in Canberra depends first and foremost on whether or not you already have a solar system, and if you do whether or not you have access to a Territory-supported solar feed-in tariff.
How does energy locals work in Canberra?
Energy Locals offers Canberrans three unique market deals: Online Member, Local Member and Home Classic. These plans come with a monthly membership fee, which claims to unlock competitive wholesale electricity prices for customers.
The Big Canberra Battery represents a significant milestone for Eku Energy as we celebrate our first GWh of battery energy storage in delivery in Australia. This brings our global portfolio of battery energy storage assets to over 4GWh.
What is the Big Canberra battery project?
In exchange, the Territory will provide Eku Energy with fixed quarterly payments over a period of 15 years. The Big Canberra Battery project is delivering an ecosystem of batteries at different scales. More information about the Big Canberra Battery is available on the Everyday Climate Choices website.
Which energy storage technology is best for Australia's energy needs?
The CEC said emerging LDES technologies coupled with the energy storage systems in place, would be the best suite to appropriately manage Australia's needs. In March this year, the ARENA held an Insights Forum which covered energy storage and technologies that can bring system security to the grid.