A number of Australian companies some backed by foreign partners have applied to install more than 8MW of storage capacity in the national capital.
This grant round is expected to support the roll-out of more than 2MW of energy storage across more than 600 Canberra homes and businesses, said Simon Corbell, Minister for the Environment and Climate Change, in an online statement.
It was a requirement of this grant round that interested companies only use energy storage systems that are capable of responding to changes in energy markets in order to maximize the value for consumers and the electricity network.
The ACT government has positioned solar battery storage as a key element of its plans to slash emissions and develop renewable energy. All bids in the competitive round, which closed on July 6, include at least 10-year product warranties, as a minimum requirement. Companies are also expected to open offices in Canberra to provide local support.
The ACT government which wants to encourage the use of a range of technologies will announce the winners at some point in the next few months, after reviewing a shortlist of the top applicants.
Earlier this year, the ACT government provided three grants of AUD$200,000 each for the installation of subsidized battery storage systems on 200 homes in Canberra, under its Next Generation Energy Storage Pilot. Last year, the authorities unveiled an ambitious plant to source 100% of the ACTs electricity needs from renewable energy by 2025.?