Energy Storage News•19 days ago
Australia’s New South Wales designates 22GWh of pumped hydro as critical infrastructure
Key Takeaway
NSW's critical infrastructure designation for 22 GWh of pumped hydro accelerates long-duration storage development, enhancing grid stability and investment certainty for developers and large power consumers.
AI Summary
- •The New South Wales (NSW) government has designated two pumped hydro projects, totaling 22,000 MWh (22 GWh) of storage capacity, as critical infrastructure.
- •This policy decision signals strong government support and a commitment to long-duration energy storage, likely streamlining regulatory approvals and accelerating project development timelines for developers.
- •For large power consumers, this move enhances grid stability and reliability, potentially leading to more predictable and lower energy costs by integrating significant long-duration storage into the NSW energy mix.
- •The designation provides a clear investment signal for developers in the long-duration storage sector, indicating a favorable regulatory environment and potential for de-risked projects in NSW.
Topics
capacity-marketpolicystorage