The Government of Australia has announced a funding of $72.3m (A$100m) for the construction of new large scale batteries to deliver reliable and affordable electricity for the households and industries in the region.

The funding will be provided through the Australian Renewable Energy Agency (ARENA) for the projects with 70MW or more capacity that will provide essential system stability services to the electricity grid.

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Australia Minister for Industry, Energy and Emissions Reduction Angus Taylor said: “Large-scale battery storage, along with gas and pumped hydro, will be an important part of Australia’s energy infrastructure mix as more and more renewables come into the grid.

“The Morrison Government has delivered lower energy prices with household costs down by more than 10 percent, but we want to ensure Australians continue to enjoy lower prices. It is crucial to deliver the right infrastructure where it is needed to support our record levels of renewables.”

The funding is expected to support at least three projects with a maximum of up to $25.3m (A$35m) grant each.

The grant will be offered to all the battery energy storage technologies that are equipped with advanced inverters.

Incentivising private sector investment, the funding round will also address the hurdles of deploying advanced inverter technology.

Taylor further added that the government is working with private sector to identify and support energy storage projects in the country.

These projects will also support the nation’s long term emissions reduction plan as well as help Australia in achieving its net zero emissions by 2050.

Since 2017, the government has funded six large-scale batteries through ARENA.