Graphite Energy, an Australian tech company that has developed a proprietary thermal energy storage system for the decarbonisation of industrial and manufacturing operations, has begun work on the first stage of its $29 million Lake Cargelligo facility in New South Wales.
Related article: Graphite Energy to develop Lake Sustainable Energy Precinct
Graphite Energy’s Lake Cargelligo facility has now commenced construction, marking the first stage of the company’s Lake Sustainable Energy Precinct masterplan. The Lake Sustainable Energy Precinct will generate renewable energy to power sustainable agriculture and create a robust circular economy.
The project aims to demonstrate how renewable energy and agriculture can coexist, using industry advancements to enable renewable energy sources without forgoing farmland. It will serve as an Australian-first pilot model that can be scaled and replicated throughout Australia and the rest of the world.
Graphite Energy CEO Peter Lemmich said the progress made on the Lake Sustainable Energy Precinct is a significant step forward for energy independence and a cleaner, greener future.
“We are so pleased to see the development take shape and have our mission of transitioning to a lower carbon economy come to life. Building the Lake Sustainable Energy precinct to be a pioneer in the pathway for the decarbonisation of agriculture and a greener future is now becoming a reality,” he said.
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The ground-breaking Lake Sustainable Energy Precinct is a collaborative effort between Graphite Energy and Cygnus Ag, as well as other key stakeholders from industry, research and government.
Construction of the first stage is earmarked for completion by July 2024.