Energy Storage News•about 1 month ago
Australia’s pumped hydro pipeline swells with 2.15GW of new EPBC Act applications
Key Takeaway
The substantial addition of 2.15GW of pumped hydro to Australia's development pipeline underscores a strong commitment to grid stability and renewable integration, creating both opportunities and competitive dynamics for energy market participants.
AI Summary
- •Australia's pumped hydro energy storage (PHES) pipeline has expanded significantly with 2.15GW across two new projects.
- •These projects have entered the critical Environment Protection and Biodiversity Conservation (EPBC) Act approval process, indicating progress through regulatory hurdles.
- •For developers, this signifies a growing market for large-scale storage, but also future competition and the need to navigate complex environmental approvals.
- •Large power consumers can anticipate enhanced grid stability, improved renewable energy integration, and potentially more predictable power prices as this capacity comes online.
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