Proposals roll in for SA Renewable Technology Fund

Companies from around the world have submitted almost 60 proposals under the South Australian Government’s $150 million Renewable Technology Fund.

The fund is a key pillar of the state government’s $550m energy plan, announced in March.

The proposals include a diverse range of next generation renewable energy and energy storage technologies, including batteries, bioenergy, pumped hydro, thermal, compressed air and flywheel.

“What this result shows is that companies around the world recognise the potential that exists in the energy and storage sector in South Australia,” Energy Minister Tom Koutsantonis said.

“The applicants include some of the leading global companies operating at the forefront of these emerging technologies.

“We also received very exciting proposals from local businesses, demonstrating the incredible capability of the entrepreneurs we have in this state.

“The Renewable Technology Fund will not only help deliver clean, reliable and affordable power, it will also create new energy and renewables jobs in South Australia.

“We are investing in these technologies as part of our plan to improve grid security and put downward pressure on power prices.”

Adelaide-based company 1414 Degrees has submitted three proposals for consideration, including a pilot 10MWh thermal storage project that could allow SA Water to store some of the energy it generates from biogas produced at the Glenelg Waste Water Treatment Plant.

A portion of the fund has already been allocated to the Tesla’s 100MW grid-scale battery currently being built at Neon’s Hornsdale wind project.

Successful applicants will be announced in coming months.