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Pacific Green signs 1.5GWh agreement with ZEN Energy for energy storage in Australia

Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.

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Pacific Green Group has formalised the conclusion of a commitment agreement with ZEN Energy for the operation of three Battery Energy Storage System (BESS) projects totalling a capacity of 1.5GWh. These facilities are located in the states of Victoria, New South Wales and Queensland, and will be operated under a ten-year tolling arrangement. This development comes as Pacific Green seeks to reinforce its presence in the Australian energy storage market.

A ten-year strategic framework for storage

The agreement includes a tolling agreement, which will enable Pacific Green to secure the value of its storage capacity with ZEN Energy. This deal follows the previous 500MWh agreement signed for the Limestone Coast North site in South Australia. Scott Poulter, Chief Executive Officer of Pacific Green Group, stated that this step allows the industrial development of several projects in the country.

With this new milestone, Pacific Green is accelerating the market launch of its Australian portfolio, which will reach a total of 7GWh. The agreement with ZEN Energy secures a substantial portion of this portfolio, supporting sustained growth of the group’s activity in the energy storage sector.

Strengthened partnership to meet demand

Anthony Garnaut, Chief Executive Officer of ZEN Energy, indicated that this partnership is part of a shared strategy focused on the development of storage capacity. The aim is to meet growing demand from industrial and commercial customers, while supporting the management of renewable energy intermittency. The contract framework in place is also designed to ensure continuous supply for customers over extended timeframes.

The three projects covered by the commitment agreement illustrate the strengthening of collaboration between storage operators and energy suppliers in Australia. According to the data provided, the total capacity under management represents a significant volume in the Australian market, which is evolving towards greater integration of storage solutions. Prospects for Pacific Green and ZEN Energy now rest on the rapid operational launch of the facilities and the potential expansion of this model to other regions of the country.

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