Hanwha Secures 275-MW Battery Deal with Ark Energy

• Ark Energy partners with Hanwha Energy for a groundbreaking 275-MW BESS in Australia, boosting renewable integration and energy reliability.

Ark Energy has chosen South Korea's Hanwha Energy to supply technology for a 275-MW/2,200-MWh battery energy storage system (BESS) in New South Wales, Australia. This project marks a significant step in enhancing renewable energy infrastructure in the region, aiming to bolster energy reliability and storage capacity.

The BESS will support the integration of renewable energy sources, contributing to Australia's transition towards sustainable energy solutions. Hanwha Energy's involvement underscores the growing collaboration between Australian and South Korean companies in the renewable energy sector, highlighting the global push for innovative energy storage technologies.

How will Hanwha Energy's technology impact Australia's renewable energy infrastructure?

• Enhance grid stability by providing reliable energy storage solutions, reducing reliance on fossil fuels.
• Increase the efficiency of renewable energy utilization by storing excess energy generated during peak production times.
• Facilitate the integration of intermittent renewable sources like solar and wind, ensuring a consistent energy supply.
• Support Australia's goal of achieving net-zero emissions by improving the overall capacity and reliability of the renewable energy grid.
• Encourage further investment and development in renewable energy projects by demonstrating the viability of large-scale energy storage systems.
• Strengthen international partnerships and knowledge exchange between Australia and South Korea, fostering innovation in renewable technologies.
• Contribute to local economic growth through job creation in the construction, operation, and maintenance of the BESS facility.
• Provide a scalable model for future energy storage projects, setting a precedent for similar initiatives across the country.