The company developing the technology is called Lloyd Energy Systems, which is prototyping solar energy storage, a wind-to-heat plant and a small-scale plant that combines water treatment, energy storage and steam turbine generation.The company has received a $5 million Federal Government grant as part of its advanced energy storage technology program in the western NSW town of Lake Cargelligo, with Country Energy agreeing to purchase the power generated. Lloyd Energy also has an agreement with Ergon Energy in Queensland to build a $30million plant at Cloncurry in Queensland, partially funded by the Queensland state government, which the Sydney Morning Herald reported on last year.
