Energy Storage News•2 months ago
South Australia launches first capacity tender for 700MW of long-duration energy storage
- •South Australia has initiated its first Firm Energy Reliability Mechanism (FERM) tender, targeting 700MW of long-duration energy storage (LDES) capacity.
- •This new policy mechanism creates a significant market opportunity for LDES developers to secure capacity contracts and contribute to grid stability.
- •The tender aims to enhance grid reliability and facilitate the integration of intermittent renewable energy sources, benefiting large power consumers with more stable supply.
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