September 18 (Renewables Now) - US-based energy storage specialist Fluence Energy Inc (NASDAQ:FLNC) said on Monday it has been selected by Australia’s Tilt Renewables to deliver a 100-MW/200-MWh battery energy storage project in the state of Victoria.
The contract is tied to the first stage of the 200-MW/400-MWh Latrobe Valley energy storage project, touted as the first privately-funded energy storage scheme in Australia.
The planned energy storage facility will be installed near the town of Morwell, in the Gippsland area of southeastern Victoria. It will be equipped with the Fluence Gridstack solution and will be built and serviced by the US group under a 20-year contract.
The battery will deploy the Mosaic AI-powered bidding software and the Nispera asset performance management software, which will seek to optimise the market trading and operational performance of the system. Fluence, the energy storage specialist jointly owned by Siemens AG (ETR:SIE) and AES Corp (NYSE:AES), will deliver the entire software.
The Latrobe Valley battery will be built to improve the reliability of the electricity network by storing power for use during peak periods. The two-phase project is estimated at AUD 243 million (USD 156.3m/EUR 145.4m).
(AUD 1.0 = USD 0.643/EUR 0.598)
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