Tuesday, May 30, 2023

ACS grows with an energy contract in Australia

Energy transition infrastructure is part of the priority list for ACS, which has just entered a hybridization project in Australia where it plans to build an energy storage system with 35 megawatts (MW) of batteries, in exchange for a 45 MW photovoltaic park. joined. The project has been commissioned by the electric company Alinta, owner of the Port Hedland Solar Battery Hybrid Complex, with which it will provide energy to the BHP mining company. Alinta Energy plans to invest 180 million Australian dollars (about 110 million euros) in total. The utility plans to double the size of the battery system as well as expand the size of the photovoltaic plant under development.

ACS is looking to deploy its competence in new areas such as energy transition and efficiency, data centers and biomedicine, where investments amount to billions of euros according to its CEO, Juan Santamaria.

According to analyst estimates, the data center sector has opportunities worth around 100,000 million euros. Of the ACS portfolio, some 50,000 million euros, 20% corresponds to this type of project that the subsidiary Hochtief (Cimic) develops mainly in Europe, the US and Australia.

ACS estimates that automakers will invest $330 billion in the entire electric vehicle supply chain over the next five years. One third of this amount will go to battery factories.

In Australia, ACS is also developing a photovoltaic park with a capacity of 130 MW in the Victoria region.

Nation World News Desk
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