Funding of $160 million was provided by the Clean Energy Finance Corporation,[3][4] the Australian government's green bank.
[5] It uses Tesla Megapack storage units, an electric accumulator designed specifically for large-scale projects.
The battery aims to prevent blackouts during periods of network instability by providing grid support services, capturing and storing excess energy from sources such as wind farms, and feeding it into the grid during peak periods or outages to support Victoria's electricity supply.
Construction of the battery was supported by a $160 million loan from the Clean Energy Finance Corporation, an agency owned by the Australian federal government.
Following a tender issued by the Victorian Government in 2020, Neoen was awarded a contract by the Australian Energy Market Operator to reserve approximately 80% of its capacity during the summer months to provide 250 MW of System Integrity Protection Scheme (SIPS) services.
This will increase the transfer capacity on the Victorian/New South Wales interconnector during peak consumption periods and reduce the risk of unplanned power outages.