Approval has been received for a 93-lot employment subdivision to create the new Nepean Business Park on a 49ha former quarry site adjacent to the Sydney International Regatta Centre in Penrith.
A first of its kind 28-megawatt Battery Energy Storage System (BESS), set to be installed in Newcastle, has been earmarked to help the Hunter transition into a renewable energy zone.
A development application for the battery has been lodged with Newcastle City Council, proposing it be built on approximately 1.5 acres inside the Steel River Estate.
If approved, the battery will be the first utility-scale BESS to be constructed in the Hunter and the first in Australia within an existing industrial precinct.
The project is the result of a joint venture partnership between two Australian companies â Precinct Capital and Edify.
Precinct Capital Chairman Bruce Baudinet says the battery facility will be designed to charge and discharge directly from the grid, responding to electricity market signals and disturbances to ensure stability of the grid as renewable energy penetration increases in coming years.