Hydrostor received the grant through the Australian Renewable Energy Agency and also got an additional $3 million from the South Australian Government to build the $33.3 million project.
The project will be the first of its kind in the country and will see the repurposing of the Angas Zinc Mine in Strathalbyn, and the construction a 5MW/10 MWh fuel-free Advanced Compressed Air Energy Storage project.
Energy Minister Angus Taylor said in a statement that the government was happy to back this project which aimed to repurpose a brownfield mine site and support 24/7 power.
“Our government, through ARENA, is supporting the reliable integration of renewable energy through energy storage projects like this.”
Trade Minister Simon Birmingham said the project could be a game-changer for energy storage technology in South Australia.
“We’ll continue to back companies that invest in innovative emission-free storage solutions that develop a stronger and more reliable electricity supply,” he said.
“This is a major win for the state’s energy grid and will also have significant flow-on effects for local businesses and create more jobs in the region.”