CEFC commits $100m investment in Australia’s Waratah Super Battery

The project in New South Wales has an 850MW/1,680MWh capacity. 

The Clean Energy Finance Corporation (CEFC) pledged a $100m investment in the 850-megawatt (MW)/1,680MW-hour Waratah Super Battery (WSB) project in New South Wales in Australia.

In a statement, CEFC CEO Ian Learmonth said long and short-duration storage assets are vital for Australia’s energy network as this will enable the country to capitalise on its wind and solar resources.

“Battery storage underpins a future balanced grid, ensuring that more clean energy can reach more consumers and providing network stability as coal continues to exit the network earlier than predicted,” he said. 

ALSO READ: New battery storage capacity to grow over 400GWh annually by 2030

“Our investment in the Waratah Super Battery supports a secure grid powered by renewable energy and fit for a future, low emissions economy,” he added.

WSB, a part of the Sydney Ring Project identified as a priority project in the Australian Energy Market Operator Integrated System Plan 2022, is constructed on the site of a decommissioned coal-fired power station on the state's Central Coast.

BlackRock Alternatives raised $335m from Australian and global institutions and sovereign co-investors to support WBS.