Energy Storage News•about 15 hours ago
MGA Thermal secures AU$3.25 million ARENA funding for thermal energy storage FEED studies
Key Takeaway
Government funding for thermal energy storage FEED studies signals a growing pipeline of dispatchable energy projects, offering future opportunities for developers and large consumers to integrate innovative, long-duration storage solutions.
AI Summary
- •MGA Thermal secured AU$3.25 million in ARENA funding to conduct up to five Front-End Engineering Design (FEED) studies for its thermal energy storage technology.
- •This government funding signals strong policy support for advanced thermal energy storage solutions, which can provide dispatchable capacity and firm renewable generation.
- •The initiation of multiple FEED studies indicates a pipeline of potential thermal storage projects, offering future opportunities for developers and large power consumers seeking reliable, potentially lower-cost, and decarbonized energy solutions.
Topics
financingpolicystorage