Octopus Snaps Up Queensland's Largest Battery

• Octopus Investments Australia has acquired the largest 500-MW/1,000-MWh battery energy storage project in Queensland. 70,000 homes can benefit from this project's energy potential. Octopus anticipates a final investment decision in 2025 and is offering competitive PPAs.

Octopus Investments Australia has acquired a 500-MW/1,000-MWh battery energy storage project in Queensland, the largest one in the region. It will be connected to the high-voltage transmission network and will be capable of providing energy to up to 70,000 homes daily. The development application is in an advanced stage of assessment and grid connection studies have begun. Octopus is expecting a final investment decision in the second half of 2025 and is offering market leading power purchase agreements.

What Is Octopus' 500-MW/1,000-MWh Battery Project?

• Octopus’ 500-MW/1,000-MWh battery project is Australia's largest battery energy storage project.
• The project is located in Queensland and will be connected to the high-voltage transmission network.
• It will provide energy to up to 70,000 homes daily, equivalent to meeting the needs of a small city.
• Octopus is offering market leading power purchase agreements for the project.
• The development application is in an advanced stage of assessment and grid connection studies have begun.
• Octopus is anticipating a final investment decision in the second half of 2025.
• The project is an example of how battery energy storage technology is becoming increasingly important in Australia's energy grid.
• It is expected that the project will create hundreds of jobs during the construction and operational phases.
• This project further demonstrates Octopus’ commitment to investing in renewable energy projects.