A total of 17 proposals have been received in the Next Generation energy storage auction that will lead to up to $2 million being allocated to five companies to install solar storage in Canberra.
The deadline for proposals closed last Wednesday and the successful companies will be announced after proponent capability, product and delivery risks and local investment benefits are assessed.
The bids propose to install more than 8MW of storage and were received from a range of local and national businesses, many with strong international partnerships.
Weekly NewsletterEvery Thursday afternoon, we package up the most-read and trending RiotACT stories of the past seven days and deliver straight to your inbox..
Environment and climate change minister Simon Corbell said on Monday that spreading the grants across a number of providers would encourage competition, innovation and support for a range of technologies.
“This grant round is expected to support the roll-out of more than 2MW of energy storage across more than 600 Canberra homes and businesses,” he said.
“It was a requirement of this grant round that interested companies only use energy storage systems that are capable of responding to changes in energy markets in order to maximise the value for consumers and the electricity network.
“In addition, proponents were required to provide a minimum 10-year product warranty period for the installed batteries and establish an office in Canberra for local sales and support.”
Corbell said the ACT government had targeted solar battery storage in its plans to reduce emissions, grow the renewable energy industry in the ACT, and position Canberra as an internationally recognised centre for renewable energy.