Victoria Energy Storage Equipment Transformation Plan

How many energy storage projects are there in western Victoria?

In March 2018, 2 projects in Western Victoria were chosen to be part of The Energy Storage Initiative – one in Ballarat and one in Gannawarra. Construction for the Ballarat and Gannawarra Energy Storage Systems was completed in late 2018. Both batteries began operating over the summer of 2018 and 2019.

How many large-scale storage systems does Victoria have?

Victoria has 12 commissioned large-scale storage systems and 3 in commissioning – with a total output capacity of 1028 MW and storage capacity of more than 1.7 GWh. Storage capacity = how much total energy is stored in each battery. Output capacity = how much energy a battery can provide at a given time.

What will Victoria''s energy storage goals mean for electricity prices?

This will support the integration of more renewable energy into Victoria’s electricity network and put downward pressure on power prices. Victoria previously established energy storage targets of at least 2.6GW of energy storage capacity by 2030 and at least 6.3GW by 2035. At the time, it was dubbed as one of the most ambitious targets globally.

Why is Victoria a good place to store batteries?

Victoria is the home of big batteries and has legislated storage targets of at least 2.6 GW by 2030 and 6.3 GW by 2035 to provide crucial support for more renewable capacity. Storage is a vital part of our electricity grid. In the future, much of our energy will be generated closer to where it is used and the way we use it will be more efficient.