Equis Secures Financing for 250-MW Battery in NSW

• Equis Development powers up New South Wales with a 250-MW battery system, boosting grid stability and renewable integration with AUD 260M in financing.

Equis Development Pte Ltd has commenced the installation of a 250-MW/500-MWh battery system in New South Wales. This development follows the successful securing of AUD 260 million (USD 163.5 million/EUR 150.9 million) in debt financing for the project.

The battery system aims to enhance energy storage capabilities in the region, contributing to grid stability and supporting renewable energy integration. The project marks a significant step in advancing energy infrastructure in New South Wales, aligning with broader efforts to transition to sustainable energy solutions.

How will Equis Development's battery system impact energy storage and grid stability in New South Wales?

• The 250-MW/500-MWh battery system will provide significant energy storage capacity, allowing for the storage of excess renewable energy generated during peak production times.
• It will help balance supply and demand on the grid, reducing the need for fossil fuel-based peaking power plants and lowering carbon emissions.
• The system will enhance grid stability by providing fast-response energy to counteract fluctuations in energy supply and demand.
• It will support the integration of more renewable energy sources, such as wind and solar, by storing energy when production is high and releasing it when production is low.
• The project will contribute to the reliability of the electricity supply in New South Wales, reducing the risk of blackouts and power shortages.
• It will serve as a model for future energy storage projects in the region, encouraging further investment in renewable energy infrastructure.
• The battery system will help New South Wales meet its renewable energy targets and commitments to reduce greenhouse gas emissions.
• By providing a buffer for intermittent renewable energy sources, the system will facilitate a smoother transition to a more sustainable energy grid.