‘I’m really proud’: Strymon Power’s Powerstrip project will be an economic windfall for the state of New South Wales
The Strymen Powerstrip is a 1,000-kilometre network of generators that will provide up to 7,000 homes with up to 50 megawatts of electricity a day.
A $1 billion project to build a $200 million, 12-kilogram-capacity power station has also been announced.
Strymon’s Powerstrips power is sold at wholesale to generators that are connected to the power grid, making the power delivered to homes a significant contribution to the national electricity market.
The Strymans Powerstrip will bring a total of more than $1.5 billion into the state’s economy and help provide jobs.
“It’s really a huge investment for the Stryman family and I’m really very proud of what they’ve achieved,” Prime Minister Scott Morrison said.
“This is a huge milestone for the economy of New England and for the New South and we’re really grateful for their efforts to make this project a reality.”
The Powerstrip, which will be a 30-kilimetre long steel cable, will provide a new generation of generators to New South Welsh, South Australian, Tasmania and Victoria, along with a new supply of renewable energy to South Australia and Queensland.
Strymen said it was the first power station of its kind to be completed in Australia, and a significant milestone for its community.
“It was very much the catalyst that we needed to get the project going,” Chief Executive of Strymons Power, Scott Strymmon, said.
I’m actually very proud that the Stryingmen Power Strip is an economic and social driver for our community, for our business and the future of our region.
It is the first of its type in the world, so it’s going to be an extraordinary project.
Its also the first project that’s going up on our power grid.
As it sits now, we’ve got around 400 generators on our grid.
That will increase to almost 1,500 this year.
Now, we’re getting ready for the next generation of the Stymon Powerstrip.
This is one of the most significant jobs-creating projects in New England’s history, and I think it’s very significant for our industry and our economy.
“So I want to thank the Stries, and thank the community, and especially thank the state and local governments for their support.”
Strymons Power’s power generation projects have produced over $20 million for the local economy.
With the Powerstrip in place, the Strysons will build another 1,600 megawatts on the grid, which they say will deliver over $1 million in economic value annually for South Australia, Victoria and Queensland, while creating 3,000 new jobs.
Strysmen Power said the project would deliver $1 per year in additional electricity generated to South Australian households.
South Australia is a major customer of Strysman Power’s electricity generation, with $2.5 million of the $2 million delivered through the Powerstripe in the first year.
The Powerstripped power stations also generate about $250 million for Victoria, $200 per megawatt hour to South Queensland, and $200 for New South Queensland.
Stymon is also one of five companies to win a contract to supply electricity to the Queensland Government, a role it says will create nearly 1,400 jobs.