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Macquarie, Shell back Australian Gridstack project


April 6, 2023: Macquarie Asset Administration’s Inexperienced Funding Group and Shell Vitality Operations are behind plans to construct a 200MW/400MWh Fluence Gridstack BESS in Australia, the businesses introduced on March 31.

The system (see picture), which will likely be accomplished late subsequent yr at Melbourne’s Rangebank Enterprise Park, has the capability to retailer the ability of the equal of 80,000 properties throughout the state of Victoria for one hour at a time. on the peak, colleagues stated.

The Rangebank BESS will assist stabilize the state’s electrical energy provide by offering further storage capability, which may be discharged in periods of peak demand.

Shell Vitality has entry to all vitality within the system for 20 years.

Fluence will construct, service and preserve the Rangebank.

Shell Vitality Australia CEO Greg Joiner stated the venture was Victoria’s first grid-scale battery funding and marked Shell’s first direct fairness funding in a utility-scale BESS globally.

Particulars of the funding weren’t disclosed, however the funding firm Perfection Non-public has a minority stake within the venture.

Inexperienced Funding Group’s curiosity within the venture will likely be transferred to the Eku Vitality battery storage improvement enterprise, which has a pipeline of tasks around the globe together with the UK, Japan and Taiwan.

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