The system will have enough storage to power 80,000 homes in Victoria for an hour at times of peak demand.
Macquarie Asset Management and Green Investment Group partnered with Shell to build two massive batteries at the Rangebank business park in Cranbourne, south-eastern Melbourne, according to a joint press release published on Friday.
The $300-$400 million project will increase Victoria's "firming capacity" and provide essential services to ensure the stability of the system, enhancing Victoria's potential to host more renewable energy. will become more crucial as Australia moves away from coal-fired energy because of their capacity to store renewable energy when it is most plentiful and to release it when it is not sunny or windy., created by GIG and Shell Energy, aims to promote the safe, secure, and dependable functioning of Australia's power grid while increasing Victoria's capacity to host renewable energy.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shell splits renewables business in CEO efficiency driveShell is splitting up its renewables and low-carbon division as part of CEO Wael Sawan's shake-up to boost the energy giant's returns.
Read more »
Billionaire LeBron James Says He Won’t Shell Out $8 A Month For Twitter VerificationThe four-time NBA MVP will no longer have a blue check on Elon Musk’s Twitter after the company axes its legacy verification program Saturday.
Read more »
Billionaire LeBron James Says He Won’t Shell Out $8 A Month For Twitter VerificationThe four-time NBA MVP will no longer have a blue check on Elon Musk’s Twitter after the company axes its legacy verification program Saturday.
Read more »
Billionaire LeBron James Says He Won’t Shell Out $8 A Month For Twitter VerificationThe four-time NBA MVP will no longer have a blue check on Elon Musk’s Twitter after the company axes its legacy verification program Saturday.
Read more »
Now There Are 3000 More Chances to Charge Your EV with ShellThe oil company bought 3000 charging stalls from Volta, looking to have a half-million charging points worldwide by 2025.
Read more »