Origin Energy has made a bold move to back Allegro Energy’s 12-hour long-duration battery technology, an innovation that could significantly reduce reliance on coal. Allegro’s Redox Flow Batteries (RFBs), known for their long storage capability and non-flammable properties, have drawn considerable attention from investors. In fact, Allegro just closed a $17.5 million Series A funding round, with the Grantham Foundation leading the charge .
Here are the numbers:
- 12-hour storage is critical to bridging the gap between renewable energy generation (like solar) and the time when people need it most, after sunset.
- Origin plans to pilot a 100kW, 800kWh system at its Eraring coal plant, with plans for a larger 5MW system. This new technology could help replace the energy traditionally supplied by coal plants.
- The battery market is growing rapidly, with Origin potentially funding a giga-factory in Newcastle to meet future demand for Allegro’s revolutionary technology.
How VoltaRocks Fits In
This is where smart home energy solutions, like VoltaRocks, come into play. As we move towards storing more renewable energy for longer durations, our app helps homeowners track energy usage, manage solar generation, and take advantage of the benefits of these cutting-edge storage systems. VoltaRocks gives you real-time insights on how to use energy smarter, ultimately saving on electricity bills as innovations like Allegro’s reshape the grid.
Source: RenewEconomy - “Origin Energy boosts its bet on the 12-hour battery technology that could help kick out coal” .
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