A major new battery storage project in Terang will play a key role in supporting Victoria’s renewable energy future. The project, developed by Fotowatio Renewable Ventures (FRV), will feature a 100-megawatt/200-megawatt-hour battery and grid-forming inverters, designed to help store excess renewable energy for use when it is most needed.
This state-of-the-art energy storage system, supported by a $7 million investment from the Energy Innovation Fund, will create up to 150 jobs during construction. The battery system will be integrated with grid-forming inverters, which use advanced voltage and frequency control technologies to stabilize electricity supply and demand, ensuring the grid remains reliable as more renewable energy is added.
The project is expected to enhance the grid’s ability to store energy from increasing amounts of solar and wind power, reducing energy costs for households and supporting Victoria’s ambitious renewable energy targets. With over 500 megawatts of operational battery storage, Victoria is leading the nation in large-scale battery capacity.
The Terang project is a key part of efforts to build an energy storage capacity of at least 2.6 gigawatts by 2030, and 6.3 gigawatts by 2035. Construction will begin early next year, with local businesses set to benefit from maintenance contracts. This project, along with others in the Energy Innovation Fund, will unlock significant commercial investment and contribute to Victoria’s transition to a cleaner, more sustainable energy grid.