AGL has gained approval for the development of a proposed 200MW, four-hour grid-scale battery at Loy Yang power station in regional Victoria.
AGL received approval from the Victorian Department of Environment, Water, Land and Planning for the proposed battery.
If AGL reaches a final investment decision on the Loy Yang grid-scale battery, the project would be part of Accel Energy following AGL’s proposed demerger.
AGL Chief Operating Officer, Markus Brokhof, said AGL welcomes the approval of this project which will now allow AGL to move forward with assessing the economics and viability of the project.
“As the largest ASX operator of renewables assets, a key focus is to invest in storage and firming capacity to ensure we continue to provide reliable and affordable electricity to households and businesses,” Mr Brokhof said.
“Our generation sites provide rare and unique redevelopment opportunities as they are established sites with a surplus of land, road and rail access, transport facilities and storage infrastructure embedded in the environment.
“We will progress our plans to develop these sites into integrated industrial energy hubs, with the ‘Latrobe Hub’ set to create regional jobs and opportunities well into the future.”
The proposed Loy Yang grid-scale battery is part of AGL’s planned national roll-out of 850MW of grid-scale batteries.
AGL has planning approval being sought for projects in Broken Hill, opens in a new window and the Hunter, opens in a new window in NSW and construction on a 250MW battery at Torrens Island and opens in a new window in South Australia due to begin soon.
