Energy Storage News•about 1 month ago
Australia breaks 40-year pumped hydro drought as 2GWh Kidston project enters the NEM
Key Takeaway
The market entry of Australia's first 2GWh pumped hydro project in decades signals a major leap in long-duration energy storage integration, promising enhanced grid stability and new market dynamics for developers and large consumers.
AI Summary
- •The 2GWh Kidston Pumped Hydro Project, Australia's first major pumped hydro in 40 years, has officially registered with AEMO, signaling its imminent market operation.
- •This significant long-duration storage asset will enhance grid stability, reduce price volatility, and firm up intermittent renewables, benefiting large power consumers and creating new arbitrage opportunities for developers.
- •Its registration in the AEMO Market Management System demonstrates successful regulatory integration for large-scale, long-duration storage, setting a precedent for future projects.
- •This marks a critical milestone for a flagship energy storage project, moving from construction to market participation in a major grid.
Topics
capacity-marketpolicystoragetransmission