Lyon has announced a collaboration with Japanese investor JERA and US battery storage provider Fluence to pursue utility-scale battery storage opportunities in Asia-Pacific markets.
The companies will assess utilisation of utility and industrial-scale battery storage solutions in new projects and at existing renewable and thermal generation plants across their collective operational footprints.
Lyon chairman David Green said the agreement is a “major step toward a future where the world’s electricity systems meet consumers’ needs securely and reliably with renewable power”.
“This collaboration agreement is based on a shared understanding that the world requires low emissions energy systems that are also secure, reliable and affordable,” he said.
“Utility-scale battery storage solutions across new and existing generation plants will be a key enabler.”
Lyon’s tranche one projects will include four-hour Fluence battery storage systems that are scheduled to commence construction in the coming months.
“By partnering with Lyon, JERA moves to the forefront of realising the benefits of battery storage in electricity systems with increasingly variable generation,” Mr Green said.
“Fluence is our long-term technology partner and has deep knowledge of the power sector and the ability to deliver an industrial grade solution.
“There are many markets beyond Australia where big batteries can provide substantial value in terms of network strength and dispatchable capacity.
“The ability of battery storage to reduce curtailment of variable renewable generation plant along the same transmission line is particularly attractive.”
JERA is an equal joint venture of two major Japanese electricity companies, TEPCO Fuel and Power Incorporated and Chubu Electric Power Company.
Fluence is an equal joint venture of Siemens and AES and combines all battery-related actives previously undertaken by the parent companies.
The collaboration agreement expands on the strong relationships formed by the parties through development of Lyon’s tranche one integrated solar and storage projects.
The projects include a 55MW solar, 20MW storage project in Cape York, Queensland; a 250MW solar, 80MW storage project in Nowingi, Victoria; and a 240MW solar, 100MW storage project in Riverland, South Australia.