Bibra Lake-based energy storage facilities manufacturer ZBB Energy Corporation has received a $3.1 million grant from the Federal Government's Advanced Electricity Storage Technologies program.
Bibra Lake-based energy storage facilities manufacturer ZBB Energy Corporation has received a $3.1 million grant from the Federal Government's Advanced Electricity Storage Technologies program.
The full text of a company announcement is pasted below
ZBB Energy Corporation is pleased to announce that it's subsidiary company, ZBB Technologies, Ltd has been offered $3.1million in project funding under the Australian Government's Advanced Electricity Storage Technologies (AEST) programme.
This funding is part of an overall $5.9million project to integrate ZBB's advanced zincbromine energy storage systems with multiple renewable energy sources at CSIRO's Newcastle Energy Centre. The project will deliver a ZBB energy storage system that will be
used to store and supply renewable energy generated from photovoltaic solar panels and wind turbines already operational at the CSIRO Energy Centre. Electricity generated from these renewable sources will be stored in the ZBB battery and used to provide power to the CSIRO laboratories and exported into the grid
The Advanced Electricity Storage Technologies programme was announced Wednesday by the Minister for the Environment and Water Resources, Malcolm Turnbull, and the Minister for Industry, Tourism and Resources, Ian Macfarlane.
Mr Turnbull said that more renewable energy could be used if the electricity generated from renewable sources was available continuously, day and night, and that better ways of storing the electricity when it is generated would help expand opportunities for its effective use.
Mr Macfarlane said the renewable energy industry understands the strategic importance of improving electricity storage technologies. They are prepared to take action and the AEST programme will see a total of more than $36 million invested.
ZBB's Chief Executive Officer, Mr Rob Parry believes this initiative will help propel ZBB's storage systems into the rapidly growing renewable energy market. "We have focussed our product for this exact application, the storing of intermittent power at the time of generation for delivery at a later point in time when the consumer most needs that power. Our storage systems will help smooth out the delivery of renewable power to the grid as well as to maximise its value by delivering it at times of peak demand. Additionally, off grid customers will have the ability to store their renewable power for use at later times when they might not have the generating source available to them. The partnership with CSIRO and the support from the AEST programme will greatly enhance our progress into this target market".
