Business
Federal green bank powers up Victoria’s ‘Big Battery’ with $160m boost – Sydney Morning Herald
Victoria is a step closer to becoming home to one of the world’s biggest lithium-ion batteries by next summer.
The Clean Energy Finance Corporations $160 million debt facility will fund the design, construction and operation of the battery. The project is also being supported by a contract from the Victorian government, which says the project will bolster the reliability of the states electrical grid and keep a lid on energy prices as more coal-fired power stations retire and more renewable energy generators come online.
Across Australia and worldwide, battery technology is emerging as key to supporting…
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