Australian company secures funding for novel solar-hydro storage project

first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy:A Victoria-made “dispatchable” concentrated solar and hydro storage technology is set to be tested at a pilot-scale in the state’s north west, with the backing of the federal government’s Australian Renewable Energy Agency and in partnership with AGL Energy.The company behind the technology, RayGen Resources, said on Thursday it had locked in $3 million in funding from ARENA, to test the technical and commercial feasibility of its concentrated solar and thermal storage technology – or “solar hydro” – that uses mostly mirrors and water to generate power and heat.The flagship project, which is being developed in partnership with major Australian gen-tailer AGL, will deliver 4MW of solar generation and 3MW/50MWh (17 hours) of storage that RayGen says will be able to supply the grid with “day-night renewable electricity” and support grid reliability.The project would also be able to supply synchronous power where it is critically needed in the West Murray region, a notoriously “weak” area of the national grid that has seen the output of five solar farms cut by half and dozens more projects warned of delays to both commissioning and connection approvals.RayGen said the funding from ARENA – its third grant from the federal government Agency in the space four years – would help get the pilot project to financial close and make it shovel ready for construction, with the aim to have it commissioned in 2021.[Sophie Vorrath]More: World first “solar hydro” plant in Victoria gets backing from ARENA, AGL Australian company secures funding for novel solar-hydro storage projectlast_img read more