November 20 (Solar) – UK energy storage firm redT energy Plc (LON:RED) announced on Monday that a 1-MWh hybrid energy storage system it built in Melbourne, Australia is now operational.
Located at Monash University, the vanadium flow/lithium-ion hybrid behind-the-meter energy storage system is the first of its kind to be commissioned worldwide, the announcement says. It includes 900 kWh (12 tank units) of vanadium flow machine technology, and a 120-kW C1-rated lithium battery, installed on the roof of a campus in Clayton, Victoria.
redT's solution stores and dispatches energy from multiple sources, including 1 MW of solar panels that are part of a wider microgrid.
"By utilising the complementary strengths of two storage technologies, the hybrid system will act as a flexible platform, integrating with building management systems and EV [electric vehivle] charging stations whilst enabling cutting-edge 'peer-to-pool' energy trading," redT said.
The project supports the University's Net Zero Initiative project, targeting net zero carbon emissions by 2030.
According to industry consultants Delta-ee, the Australian energy storage market’s would be worth some AUS 30 billion (USD 21.8bn/EUR 19.1bn) by 2030. Almost 400 MWh of energy storage projects are scheduled for installation in behind-the-meter Commercial & Industrial (C&I) applications throughout the country by 2022