The British Energy company SmartestEnergy announced entering into an MOU with CEP.Energy to embark on the creation of one of the world’s largest energy battery banks, located in Australia.
The first stage of the project will see SmartestEnergy Australia manage and operate the first 400MW of Virtual Power Plant (VPP) for CEP.Energy located at various industrial park sites across the country. The CEP.Energy project will go on to build an impressive 1,000MW battery bank, made up of aggregated batteries in a VPP, including the commissioning of three largescale utility batteries. Works are expected to commence as soon as Victoria comes out of lockdown.
By connecting solar generation assets to the energy network and largescale battery array, the project will ensure ongoing reliability and sustained energy supply to consumers.
“As a next generation energy company, we’re delighted to be associated with this largescale and innovative project led by CEP.Energy in Australia. It will shape the way renewable energy generation and storage projects are delivered at scale leveraging the latest technology,” said Robert Owens, SmartestEnergy Australia’s CEO.
Peter Wright, CEP.Energy CEO, said, “SmartestEnergy Limited has a proven track record in the commercial and industrial energy space in the UK and has recently entered Australia, and we are pleased they have come on board to be our retailer of choice. They will use their experience and battery and solar technology to offer electricity at a materially lower cost.’’
Source: SmartestEnergy | www.smartestenergy.com
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