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Electricity storage batteries take the rug out of hydropower by 2025

May 20, 2024

Experts have predicted that electricity storage batteries will overtake pumped hydropower technology in Australia by 2025, in a development that could represent a revolution in the energy sector.

Since the construction of the world's first large battery less than 7 years ago (Tesla's large battery in Hornsdale, South Australia), controversy has arisen about the effectiveness of storage batteries.

According to information available from the specialized energy platform (based in Washington), the development of electricity storage batteries is important in Australia.

This achievement, expected in 2025, shows that electricity storage batteries will witness remarkable development.

Kubik points out that battery electricity storage will be a mature and bankable asset class just like pumped hydropower storage, which was once considered the gold standard for electricity storage maturity.

In addition, comparative data between electricity storage battery systems and pumped hydropower storage since 2020 shows that batteries have made significant progress.

New battery projects with a storage capacity of up to 4 hours are being established; Which shows the importance of its role in global energy networks.

Although the federal coalition and conservative media continue to question the maturity of this technology, it is experiencing tremendous growth.

The founder of the American company Fluence, Marek Kubik, is now working on the “NEOM” renewable energy project in the Kingdom of Saudi Arabia.