Providence Asset Group has unveiled plans for a $500m portfolio of solar farms with 30MWh advanced hybrid storage technology.
The Australian renewable energy company’s ‘NSW Master Plan’ includes 28 solar farms across the state – a mix of Providence-owned and community-owned projects, which will each have hydrogen storage and traditional Li-on batteries attached to each.
Providence is a leading investor in the area of hydrogen storage innovation, working with the University of NSW to develop the technology, which enables the storage of surplus electricity more cost-effectively than the lithium batteries currently in use.
The hybrid battery storage system developed at UNSW is known as H2Store, a compact and transportable hydrogen storage solution that has proven highly effective in storing and generating renewable energy, reducing the fluctuation of renewable generation and increasing confidence in the security of energy supply.
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