South Australian taxpayers will help fund energy storage and other technologies to prevent wind farms and other intermittent energy sources from undermining the security of the electricity grid.
The State Government is calling for expressions of interest from businesses interested in accessing a share of a $150 million Renewable Technology Fund (RTF).
Premier Jay Weatherill said the fund would provide grants and/or loans to projects that helped “firm up” renewable generation, provide bulk energy storage or generate energy from agricultural waste or by-products.
“Everybody knows that the future lies in renewable energy,” he said.
“The big question was storage. Storage is now here and is capable of being unlocked and there are some new and emerging technologies that are being built here in South Australia, which we can support through this Renewable Technology Fund.”
The Government has already committed up to $20 million from the fund towards the world’s biggest lithium-ion battery, which will be built by Tesla and Neoen adjacent to the Hornsdale wind farm in the state’s Mid North.
The Government has also committed to purchasing power for its own use from a new Solar Thermal plant to be built near Port Augusta.
Mr Weatherill said the RTF would be available to companies that had pitched for that Government-supply contract but missed out.
“We hope to make decisions before summer on each of these new technologies.”
Grid security diminished by wind and solar
A number of expert reports have warned the state’s increasing reliance on wind and…
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