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ARENA invests $25m in world-first battery energy storage system
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ARENA invests $25m in world-first battery energy storage system
Image: JAM / stock.adobe.comThe Australian Renewable Energy Agency (ARENA) has invested $25 million in Melbourne-based company Relectrify to fast-track the roll-out of its world-first battery energy storage system, the AC1. Unlike conventional batteries, the AC1 can generate grid-ready AC power directly from battery cells, without the need for an inverter, cutting costs, reducing battery degradation and helping deliver more reliable, affordable …
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