GIG, Shell Energy To Deliver 200MW Australian Energy Storage System

• The 200MW/ 400MWh Rangebank BESS will have storage capacity to power 80,000 homes across Victoria for an hour during peak durations.
• The ESS has gotten to financial close as well as is anticipated to be finished in late 2024.

Green Investment Group (GIG) as well as Shell Energy Operations (Shell Energy) have actually partnered to deliver a utility-scale battery energy storage system (BESS) in Cranbourne, Victoria. GIG comes from Macquarie Asset Management.

GIG claimed that when fully operational, the 200MW/ 400MWh Rangebank BESS will certainly have the storage capacity to power the equivalent of 80,000 homes throughout Victoria for an hour throughout top durations.

The project, to be improved two hectares of land within the Rangebank Business Park in Melbourne's southeast, has actually reached financial close as well as is expected to be completed in late 2024.

Developed by GIG and also Shell Energy, the project will certainly raise Victoria's renewable resource hosting capacity while offering necessary system services aiming to support the safe, safe and secure and also reliable procedure of Australia's power system. Through an offtake agreement, Shell Energy will certainly have access to 100% of the battery's offtake over a 20-year duration.

" Grid-scale batteries are an essential element in the decarbonisation of the energy market, and also the demand for storage solutions is proliferating. GIG is delighted to companion with Shell Energy to deliver this project which will assist offer communities with trustworthy as well as adaptable energy," said, Greg Callman, Global Head of Energy Innovation, GIG.

Greg Joiner, Chief Executive Officer of Shell Energy Australia, mentioned, "The Rangebank project is our initial grid-scale battery investment in Victoria as well as marks Shell's first straight equity investment in a utility-scale BESS globally. This signals Shell Energy's commitment to speeding up the energy shift and contributing to growth of firming capacity."

The GIG as well as Shell storage project is additionally supported by minority equity companion Perfection Private. The BESS will be built, serviced, as well as maintained by Fluence, a worldwide carrier of energy storage product or services, as well as cloud-based software for renewables and storage, using Fluence's newest Gridstack item.

GIG additionally said that its interest in the project will certainly transfer to Eku Energy, an international battery storage system which was developed by GIG in 2022.

Energy storage systems are needed for the success of renewable energy expansion in the continent country. Last year, AGL Energy Ltd announced that it will create 500MW/2,000 MWh battery energy storage system (BESS) as part of the Hunter Energy Hub in New South Wales. Likewise, Sungrow has to supply a completely integrated 55MW/220MWh Battery Energy Storage System (BESS) to Global Power Generation (GPG).

Ampyr Australia and Shell Energy will certainly additionally be together creating a 1000MWh Wellington BESS in Central West New South Wales.