Victoria imported energy storage battery companies

Which energy storage solutions company will supply the Victorian Government?

Energy storage solutions company Energy Vault will supply the Victorian government with 100 MW / 200 MWh battery energy storage system for its state electricity commission renewable energy park development. Image: Victorian State Electricity Commission

Who owns Victoria's big battery?

Victoria's Big Battery will be entirely owned by French renewable company Neoen. The Clean Energy Finance Corporation has provided investment on behalf of the Australian Government for this major milestone in one of the world’s largest battery storage projects.

How will a CO2 battery benefit Victoria's local energy industry?

The company is also working to identify potential sites across Victoria to house its CO2 Battery technology. This is set to boost long duration energy storage capacity, local supply chains and sustainability in Victoria’s local energy industry.

What can a battery do for Victoria?

The battery will also participate in the National Electricity Market and support increased penetration of renewables in Victoria through network services such as fast frequency control.

What is the Victorian big battery?

The Victorian Big Battery will contribute to the modernisation of the Victorian electricity network and will be instrumental in helping the State reach its target of 50% renewables by 2030. Independent analysis predicts that for every $1 invested the battery will deliver $2.40 in benefits to Victorian households and businesses.

What are Victoria's energy storage goals?

It is worth noting that Victoria has several energy storage targets in place, including having at least 2.6GW of capacity by 2030, with this to be increased to at least 6.3GW by 2035. Eku Energy is an energy storage development platform that was launched through the Macquarie Asset Management-owned Green Investment Group (GIG) in late 2022.