Virginia’s Fluence Energy (FLNC) announced on Mar. 24 that it has been selected by AGL to deliver a 50-megawatt lithium-ion grids-scale system designed to provide backup for approx. 10,000 businesses and households in the town of Broken Hill, New South Wales, Australia. FLNC stock was up by 1.30% pre-market this morning.
AGL’s Broken Hill Project
Energy company AGL is building a $40 million (Australian dollars) battery for Broken Hill, dubbed the Broken Hill Project. In a press release, Fluence said the project will use Fluence’s Gridstack energy storage product and “contribute to AGL’s planned 850 MW national battery rollout and demonstrate the capability of latest inverter technology to support stable operation in areas of low system strength.” Project completion is expected in 2023.
Energy Storage Technology: Addressing Voltage and Frequency Changes
Regarding the Broken Hill Project, according to Aaron McCann, Fluence General Manager for Australia, the battery project’s full power “dispatches instantaneously to quickly respond to large changes in voltage and/or frequency, delivering the fastest response of all battery-based energy storage systems currently available in the market.”