Canberra will soon benefit from the government’s solar energy storage project.
All is set for solar energy storage solutions as Canberra’s Next Generation auction takes off.
The Australian Capital Territory’s office received 17 proposals from interested parties. A number of Australian companies, some with foreign backing, sent proposals.
The auction determines which five companies get to utilize the $1.5 million budget for solar energy storage. Upon completion, 600 households and businesses get to end their solar energy storage woes.
The project is meant to produce over 2MW of energy storage, according to Environment Minister Simon Corbell. However, the companies said they can install more than 8MW of storage capacity.
ACT grant requirements for solar companies
Solar battery storage plays a major role in the ACT government’s goals. Storage helps to reduce emissions and cultivate renewable energy. But for companies joining the auction, it’s not enough to simply provide battery storage.
The grant requires companies to use systems that are adaptable to energy market changes. This is to give consumers and the electricity network the best value possible. Companies should also include ten-year product warranties. And to provide local support, they need to set up offices in Canberra.
Energy storage pilot program and power plant
The ACT government is serious about using a range of technologies. In fact, it already released three grants of AUD $200,000 each.
This happened earlier this year, under the Next Generation Energy Storage Pilot program. The program enabled subsidized battery storage systems installation. As a result, around 200 Canberra households benefited.
Last year, the authorities also revealed the existence of an impressive power plant. This fulfills one hundred per cent of the ACT’s electricity needs from renewable energy if successful by 2025.
The competitive round closed last July 6. It included all 17 proposals. The ACT government plans to announce the winners at some point in the next few months.