AMPYR Secures Financing, Offtaker for 300-MW Aussie Battery

• AMPYR Energy powers up Australia's future with its first 1-GWh battery project, securing AUD 340M financing and a 10-year deal with ZEN Energy. Operational by 2026!

AMPYR Energy has achieved financial close on the first stage of its 1-GWh battery project in Wellington, New South Wales, marking its inaugural grid-scale battery energy storage system in Australia. The 300-MW/600-MWh Wellington Stage 1 project is backed by over AUD 340 million in financing from major banks, including Commonwealth Bank of Australia and HSBC. The facility is expected to be operational by 2026, with Fluence Energy Inc responsible for construction and equipment supply, alongside a 20-year service contract.

AMPYR has secured a 10-year virtual offtake agreement with ZEN Energy for 150 MW of the project's capacity, offering flexibility in capacity contracting. Lumea will connect the project to Transgrid’s network, and AMPYR is collaborating with the local Aboriginal community for investment opportunities. AMPYR took full ownership of the project in February, with a second stage planned to add 100 MW/400 MWh by 2027.

How is AMPYR Energy advancing its grid-scale battery project in Wellington, Australia?

• AMPYR Energy is leveraging advanced battery technology to enhance the efficiency and reliability of the Wellington project.
  
• The company is focusing on integrating renewable energy sources to maximize the sustainability of the battery storage system.
  
• AMPYR is engaging with local stakeholders to ensure community support and address any environmental concerns.
  
• The project aims to provide grid stability and support the transition to a low-carbon energy system in New South Wales.
  
• AMPYR is exploring additional partnerships to expand its renewable energy portfolio in Australia.
  
• The company is committed to creating local job opportunities during the construction and operational phases of the project.
• AMPYR is implementing robust safety and maintenance protocols to ensure the long-term success of the battery storage system.