$100 million investment in Waratah Super Battery

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.

[Photo: CEFC]

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CEFC announcement