Australia’s energy transition is seeing significant change in the energy landscape in the shift to renewable energy, and the infrastructure that is required to get there. Batteries are playing an important role supporting this transition.
The Deer Park BESS is the next step for batteries in the National Energy Market, it is the first of its kind intended to be fully financed from private sector market participants without utilising government funding.
The Deer Park BESS will also optimise the use of renewable energy generation in Victoria and across the National Energy Market by providing energy storage services and supplying energy when most needed, and may also offer services to support grid reliability and system support.
Lumea’s Head of Infrastructure, Nigel Buchanan says, “We know that the energy transition requires innovative pathways to reach its renewable targets. It is critical we also find new avenues to fund these projects allowing government support to be directed where it is most needed.”