SIMEC Zen Energy to build battery with 120MW storage units in SA
Category: #world  By Dhananjay Punekar  Date: 2018-03-16
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SIMEC Zen Energy to build battery with 120MW storage units in SA

Whyalla Steelworks founder Sanjeev Gupta has received a USD 10 million loan from the South Australian administration via its Renewable Technology Fund for developing world’s biggest battery at Port Augusta. For the record, the 120 MW/140 MW hours storage unit is expected to be bigger than 100 MW/129 MW battery storage unit constructed by Elon Musk’s Tesla firm in Jamestown last year. Experts have claimed that the new battery is likely to support the operations of the solar farm being constructed at Whyalla Steelworks. The project is forecast to generate nearly 100 jobs for locals during the construction phase commencing later this year.

Jay Weatherill, the present Prime Minister of South Australia, has stated that the government has raised the firm’s renewable energy target to 75% and has launched a new renewable power storage target of 25%. He further claimed that with renewable power being cost-effective, the decision of SIMEC Zen Energy to build a new battery will benefit the residents of South Australia.

The owner of Whyalla, Sanjeev Gupta, has declared that the new battery will help in fulfilling the energy requirements of high-energy users in South Australia. He also added that the Whyalla procures the major portion of electricity from the grid and the new battery at Port Augusta will help the firm become self-reliant in the terms of power supply.

Industry analysts are of the view that the strategic move is expected to boost the growth of the renewable energy sector in South Australia, that aims to generate more power through renewable energy sources. However, early this year, SIMEC Zen Energy had decided to back out of its plans for creating a new battery at Port Augusta after Tesla entered into an agreement with the South Australian government to construct a 100 MW lithium ion battery project at Jamestown.



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Dhananjay Punekar

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Dhananjay Punekar

Dhananjay Punekar presently develops content for a slew of portals, including Market Size Forecasters and Algosonline. A post graduate in mathematics and business administration, he worked in Infosys BPO Limited prior to switching his professional genre. As a content wr...

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