Australian battery company Redflow Limited has applauded the South Australian government’s decision to invest $150 million in battery technology to support the State’s electricity grid.

Unveiling the State Government’s energy plan, SA Premier Jay Weatherill told a news conference that the private sector would build a 100 megawatt hour battery in South Australia before next summer, in a venture to be funded from a new $150 million renewable technology fund.

Redflow CEO Simon Hackett said the announcement was a great part of a tenable solution. “This clearly embraces our view that batteries are a vital part of the renewable energy revolution,” he said.

“As I’ve said previously, this sort of development is about demonstrating the capacity of renewables and energy storage to technically and affordably replace fossil fuels as a robust and reliable source of energy supply for the South Australian grid.

“We look forward to learning more details about the State Government’s proposal and to identifying how Redflow can add value to it.”

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