Shell Energy Operations and Macquarie Asset Management’s Green Investment Group (GIG) are collaborating on a 200-MW/400-MWh battery energy storage project in Victoria, Australia.
Australia-based Perfection Private has joined as a minority equity partner.
The partners have already achieved financial closure on the project and are expected to finalize it late next year,
Dubbed Rangebank BESS, the system will have the storage capacity to supply roughly 80,000 homes across Victoria for an hour during peak periods.
Its operation will help stabilize the state’s electricity network by discharging electricity at peak demand periods.
Fluence Energy Inc, the energy storage joint venture of AES Corp and Siemens AG, will build, service, and maintain the energy storage facility.
Shell Energy will have access to 100 percent of the battery’s capacity under a 20-year power off-take agreement.
Meanwhile, GIG will transfer its stake to Eku Energy, its standalone battery-storage-focused business.


Lake beds are rich environmental records — studying them reveals much about a place’s history
Wildfires ignite infection risks, by weakening the body’s immune defences and spreading bugs in smoke
OpenAI Agents Used Websites for Unauthorized Communications
Google Revamps EU Search Results to Meet DMA Rules
As the Black Summer megafires neared, people rallied to save wildlife and domestic animals. But it came at a real cost
Spire Healthcare Shares Jump on £1.03 Billion Takeover Deal
U.S. Accuses Chinese AI Firms of Extracting Model Capabilities
Oil Prices Surge as Middle East Shipping Attacks Threaten Supply
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data
The world’s biggest trees could hold the secret to coping with drought
Asian Currencies Subdued as Yen Weakens Ahead of Fed, BOJ Decisions
Swimming in the sweet spot: how marine animals save energy on long journeys
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota
GLP-1 Weight-Loss Drug Use Surges Among U.S. Children
Burkina Faso and Mali’s fabulous flora: new plant life record released
Parasites are ecological dark matter – and they need protecting
Trump Threatens Bombardier U.S. Sales Ban 



