The South Australian Government’s $150 million Renewable Energy Target Fund has received almost 60 proposals.
The proposals include a diverse range of next generation renewable energy and energy storage technologies, including batteries, bioenergy, pumped hydro, thermal, compressed air and flywheel.
Adelaide-based company 1414 Degrees, has submitted three proposals for consideration, including a pilot 10MWh thermal storage project that could allow SA Water to store some of the energy it generates from biogas produced at the Glenelg Wastewater Treatment Plant.
Minister for Energy, Tom Koutsantonis, said the results show that companies around the world are recognising the potential that exists in the energy and storage sector in South Australia.
“The applicants include some of the leading global companies operating at the forefront of these emerging technologies. We also received very exciting proposals from local businesses, demonstrating the incredible capability of the entrepreneurs we have in this state,” Mr Koutsantonis said.
“The Renewable Technology Fund will not only help deliver clean, reliable and affordable power, it will also create new energy and renewables jobs in South Australia.
“We are investing in these technologies as part of our plan to improve grid security and put downward pressure on power prices.”