• The federal government has approved a conditional $45 million grant for a compressed air energy storage project near Broken Hill in outback New South Wales.
• Leading this project, we aim to store wind or solar energy as compressed air for use as a backup energy source for the town.
• The grant validates the project’s commercial viability and will support its construction.
• Hydrostor is now working on acquiring a disused mine site for the project, with plans to create 250 jobs during construction and 70 jobs during operation.
• The project is expected to provide a cleaner alternative to backup power generation for Broken Hill, ensuring reliable electricity supply for the Silver City.

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