Energy Storage News•3 months ago
Australia breaks 40-year pumped hydro drought as 2GWh Kidston project enters the NEM
- •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.
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