Australian Government invests $100m in Waratah battery

The Australian Government is to make a $100 million investment - via its Clean Energy Finance Corporation (CEFC) - in the 850MW Waratah Super Battery on the former site of the Munmorah coal-fired power station.

The Waratah Super Battery is part of the Sydney Ring Project, which is a priority in the Australian Energy Market Operator’s 2022 Integrated System Plan (ISP), the roadmap for investment in the grid, backed by the Rewiring the Nation fund.

The battery “will contribute to more reliable electricity supply and lower prices for consumers”, a Department of Climate Change, Energy, the Environment and Water statement said.

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