The Australian Government is backing construction of the largest network battery in the southern hemisphere. The Waratah Super Battery will be situated on the former site of the Munmorah coal-fired power station, on the NSW central coast.
The project is supported by $100 million Clean Energy Finance Corporation (CEFC) investment as part of a capital raise of more than $500 million by BlackRock Alternatives.
The 850 MW battery will allow network operators to move greater amounts of electricity over existing transmission lines, with the battery serving as a ‘shock absorber’ during power surges from events such as bush fires or lightning strikes. This will contribute to a more reliable and cleaner electricity supply with lower prices for consumers.