Joint media launch with Member for Mallee Anne Webster
The Morrison Authorities is funding the development of an revolutionary ‘photo voltaic hydro’ energy plant to assist meet Australia’s power storage wants into the longer term by a $15 million funding by the Australian Renewable Power Company (ARENA).
This funding continues Australia’s place as a renewable power powerhouse whereas on the similar time supporting reliability.
RayGen is constructing a 3 MW / 50 MWh absolutely dispatchable “photo voltaic hydro” facility at Carwarp, close to Mildura in Victoria’s north-west, to generate reasonably priced and dependable renewable power. The ability affords as much as 17 hours of power storage.
RayGen will use its first-of-a-kind revolutionary concentrated photo voltaic PV know-how and mix it with electro thermal storage know-how to generate renewable power on demand within the Nationwide Electrical energy Market.
This funding builds on the Commonwealth’s $3 million in assist for a feasibility research and improvement work final 12 months.
Minister for Power and Emissions Discount Angus Taylor mentioned the Authorities is targeted on supporting the event of recent applied sciences that ship dependable and reasonably priced energy to Australians, strengthen the financial system and scale back emissions.
“Australia is a world chief in renewable power know-how,” mentioned Minister Taylor.
“With one in 4 Australian houses having photo voltaic, ensuring our photo voltaic property are backed up by dispatchable technology is significant for power grid stability and shoring up our long-term provide.
“The Authorities is backing know-how, not taxes, to fulfill our emissions discount targets with out compromising our power affordability or safety.
“Utilizing revolutionary know-how, RayGen goals to scale as much as a 100 megawatt challenge able to offering safe, dispatchable energy to assist assist grid stability in Victoria and scale back emissions.
“Ensuring our photo voltaic property are backed up by dispatchable technology is significant for power grid stability and shoring up our long-term provide in order that Australians have entry to the dependable and reasonably priced energy they want.”
Member for Mallee, Anne Webster, mentioned Mallee had a key function to play in renewable power improvement and provide.
“Throughout north west Victoria we’re blessed with plentiful solar and land that may be utilised for renewable energy technology. New and improved know-how for renewable power technology is important as we transfer to renewables making up a larger proportion of our power provide,” Dr Webster mentioned.
“Mallee is nicely positioned to be a nationwide chief in renewable power provide. I’ve been working carefully with business and analysis and improvement organisations to evaluate choices for the way forward for a renewable power business in Mallee. This improvement by RayGen, is a incredible step ahead.
“The pilot plant that RayGen are growing is revolutionary and can present a secure, dispatchable type of solar energy to the grid, one thing that’s wanted for confidence in renewable provide.”
RayGen’s know-how will seize extra warmth from the concentrated photo voltaic PV in water-based thermal storage pits the dimensions of 9 Olympic measurement swimming swimming pools. This saved power will assist again up the photo voltaic farm when the solar isn’t shining.
Australian Authorities funding for the challenge will go towards the development of RayGen’s dispatchable renewable power facility at Carwarp, in addition to a brand new manufacturing facility to assist the corporate’s future development.
As much as 70 new jobs can be created through the building part, whereas the operations throughout each amenities will assist roughly 45 ongoing positions.
Longer period power storage is a key precedence below the Authorities’s Technology Investment Roadmap. It has the potential to ship dependable, renewable electrical energy at prices below $100 per MWh, the stretch aim below the Roadmap.