The battery is tipped to be one the world’s most powerful, equaling Elon Musk’s Tesla battery in Hornsdale.
The new battery will be built by Whyalla steelworks owner Sanjeev Gupta, who secured a $10 million loan from the State Government through its Renewable Technology Fund.
Electranet’s project, known as Eyre Peninsula Link, is still subject to receiving necessary approvals, including funding approval from the Australian Energy Regulator.
The magnese alloy smelter, which employs 250 people, was previously owned by South32, who had been aiming to mothball, sell or close the company following a change in global markets.
South32 have now entered into a binding agreement with Mr Gupta’s company GFG Alliance to sell TEMCO, which will become part of Liberty Primary Steel.
The acquisition is important for Mr Gupta because the TEMCO facility produces ferromanganese and silicomanganese, two key ingredients in speciality steel products.
Port Playford Export Facility August 2020 Update can be found here.
This follows the beginning of construction of 86 MV of wind turbines at Lincoln Gap and the relocation of 154 MV of fast start generators to Snapper Point at Outer Harbor.
The projects will support 110 jobs expanding the wind farm at Lincoln Gap and up to 70 jobs in Adelaide for the relocation of the generators.
STAGE ONE RENEWABLE ENERGY PARK OPENING Port Augusta City Council Chief Executive Officer John Banks and Mayor Brett Benbow attended the official opening and turning of the sod for Stage 1 of Iberdrola’s Port Augusta Renewable Energy Park this morning, with official proceedings conducted by the State Premier Mr. Steven … Read more
$100M NINE STOREY RESORT Whyalla’s tourism industry is set to be supercharged through the construction of a $100m nine-storey resort on the city’s foreshore. The project, which is yet to be approved, would include about 180 hotel rooms, 44 luxury apartments, food and beverage outlets, conference facilities and a large … Read more