Federation Asset Management and Edify Energy have announced the construction completion of a major new battery system in the NSW Riverina that will be able to power 240,000 homes for two hours via the National Electricity Market (NEM).
Known as the Riverina and Darlington Point energy storage systems, the battery has a 150MW capacity and can run for up to two hours of peak demand, providing a total energy output of 300MWh.
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The new facility is one of the largest and most advanced batteries in NSW and provides significant stability features for the grid thanks to the advanced features of the Tesla Megapack which make up the entire project’s storage.
The facility consists of three independent but co-located units with 100% of the energy output pre-sold for 10 years to Shell Energy and EnergyAustralia:
- 60MW/120MWh Riverina Energy Storage System 1 (output contracted to Shell Energy)
- 65MW/130MWh Riverina Energy Storage System 2 (output contracted to EnergyAustralia) and
- 25MW/50MWh Darlington Point Energy Storage System (output contracted to EnergyAustralia with grant funding provided by ARENA and the NSW Government as part of the Emerging Energy Program).
The Australian Renewable Energy Agency (ARENA) and NSW governments have jointly provided $13.1 million in funding under the Emerging Energy Program to support next generation, dispatchable large-scale energy and storage projects like this one and in particular, to support the project’s use of advanced inverters to increase hosting capacity in the region.
Sydney based Federation Asset management, a fund manager specialising in private equity assets in the energy transition and social infrastructure sectors, has a 90% interest in the project.
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The battery was developed and will be operated by Australian sustainable energy specialist Edify who also owns the balancing 10% equity.
The Riverina and Darlington Point battery energy storage systems is located on Wiradjuri country, the largest Aboriginal Nation in New South Wales.
