George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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https://www.aljazeera.com/ajimpact/worlds-biggest-lithium-ion-battery-grow-larger-191119031117234.html
South Australia's Hornsdale Power Reserve, the world's largest lithium-ion battery, will have its storage and output expanded by 50 percent to help improve stability of the state's power grid, French power producer Neoen SA said on Tuesday.
The 71 million Australian dollars ($48m) project will enlarge the 100-megawatt battery, which is owned and operated by Neoen, and was built two years ago in conjunction with United States-based Tesla Inc.
The move comes as energy storage becomes increasingly essential to managing power supplies in Australia. Coal-fired plants are being shut down and alternatives are needed to back up intermittent solar and wind power.
The Hornsdale project stemmed from a promise by Tesla's chief executive Elon Musk to help keep the lights on in South Australia following a string of blackouts by building a battery within 100 days or giving it to the state for free.
South Australian Energy and Mining Minister Dan van Holst Pellekaan said the expansion was designed to reduce volatility in the price of electricity and protect the grid from network disturbances.
The project will receive 15 million Australian dollars ($10.2m) from the South Australian government, up to 50 million Australian dollars ($34m) in cheap loans through the Clean Energy Finance Corporation (CEFC) and 8 million Australian dollars ($5.4m) from the Australian Renewable Energy Agency (ARENA).
"Large-scale batteries are playing an important role in providing short term, large-scale energy storage to help firm and balance the grid," ARENA CEO Darren Miller said in a statement.
US minerals deal signed
The announcement was made as Australia's minerals agency announced a deal with its United States counterpart on Tuesday to jointly develop a better understanding of both countries' critical mineral reserves.
Geoscience Australia and the US Geological Survey (USGS) signed the agreement, which did not mention any specific funding, that will also look at better quantifying the global supply potential of critical minerals such as rare earths, Australia's Resources Minister Matt Canavan said in a statement.
Critical minerals are a suite of elements such as lithium, cobalt and neodymium used in hi-tech applications like renewable energy, electric vehicle batteries and defence.
US and European governments are trying to broaden the supply chain of critical minerals including rare earths, which China dominates. But developers say the governments are too slow to make funds available.
“The US has a need for critical minerals and Australia’s abundant supplies makes us a reliable and secure international supplier of a wide range of those, including rare earth elements," Canavan said.
There are expectations that the US may finance some critical mineral projects
who cares whether one climate denying ozzie politician or another turns up or not ?
The key point is whether any of the original lithium-ion battery units are being replaced or not.
Note: RenewEconomy understands that energy minister Angus Taylor is not attending the announcement, even though it includes ARENA funding.
It will be interesting to see if any of the parties concerned finally make a statement on the development. Given that L-i guys are not exactly backward at coming forward or afraid to blow their own trumpets, it's a bit odd that "None of the parties involved – Tesla, Neoen (which owns and operates the Hornsdale facility), the South Australia government, and ARENA – would comment ahead of the announcement which apparently is coming soon.
I can't imagine that anyone is keen to explain that these are simply replacement batteries....now that would be interesting
If it is as we suspect, (a new for old insurance claim swop).
The Tesla shorters are going to be all over this.
https://reneweconomy.com.au/expanded-tesla-big-battery-will-be-up-to-new-tricks-and-services-82615/
The suggestion that it is for "performing new tricks, and delivering new services to the Australian grid." could be interpreted as a rather ham-fisted attempt and damage limitation.
What do you lot think ?
To replace all the knackered ones?
you would all like to know why so many Lithium-ion battery units have recently been delivered to the Hornsdale Power Reserve in South Australia.
I know that I would like to know why.