Templers

Stonepeak Funds ZEN Energy to Add Second Largest Battery to South Australia’s Electricity Network

Retrieved on: 
Monday, March 18, 2024
Other Energy, Professional Services, Utilities, Sustainability, Batteries, Alternative Energy, Energy, Technology, Asset Management, Environment, Green Technology, Finance, ZEN, Electricity, Templers, Documentation, Growth, SIMEC Group, Senior, Multimedia, PPA, State, BESS

ZEN Energy (“ZEN” or “the Company”) has successfully signed definitive documentation to secure funding from Stonepeak to facilitate the construction of the second largest energy storage project in South Australia’s electricity network.

Key Points: 
  • ZEN Energy (“ZEN” or “the Company”) has successfully signed definitive documentation to secure funding from Stonepeak to facilitate the construction of the second largest energy storage project in South Australia’s electricity network.
  • Templers BESS, located 60 kilometers north of Adelaide, South Australia, is a 111 megawatt / 291 megawatt hour battery energy storage system that, when completed, will be the second largest system by energy stored in South Australia.
  • ZEN’s ability to construct the battery has been enabled through the South Australian Government’s commitment to a long-term renewable energy contract with ZEN.
  • The South Australian Government, through committing to a long-term contract with a renewable retailer has enabled this significant investment in further stabilising the supply of renewable, affordable energy into South Australia.