TLT – Tilt Renewables | Aussie Stock Forums

Tilt Renewables is proposing to develop a 300 MW pumped hydro scheme North-East of Adelaide at a site about 15km from the CBD.

Putting that into perspective, 300 MW is approximately 9% of SA’s maximum electricity demand (reached on a day of extreme hot weather) or around 20% of average consumption from all sources.

Some recent and imminent occurrences in the electricity industry more generally have relevance to this project. Since they are also relevant to any project involving energy storage, either pumped hydro or batteries or any other method, I will post the details of this in the “Future Of Energy Generation And Storage” thread in the General Chat section.

In simple terms however, on Sunday 2 December SA’s electricity prices were negative for a significant period of time, that is the spot price was below zero, whilst prices are expected to spike over the coming few days due to high demand and potential supply shortfalls in Victoria (which is electrically connected to SA). This demonstrates the value of a project such as the one proposed by Tilt.

Here’s a photo (mine) of the site for the lower reservoir. The power station would also be near this (exact location will depend on their engineering etc).

 

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