Australia: Eku Energy Secures 250 MW for Storage in Canberra
Eku Energy has finalized financing for its 250 MW/500 MWh energy storage system in Canberra, contributing to the energy security of the ACT and its ambitious climate goals.
The ACT Government is future-proofing Canberra's energy supply by expanding its renewable energy storage with a new partnership with global specialist energy storage business, Eku Energy, launched by Macquarie's Green Investment Group.
The Big Canberra Battery project will provide renewable energy security across the electricity grid. It will help grow the ACT's renewable energy sector, provide more local employment opportunities, and deliver a positive financial return for the territory. Building a cleaner future
The Big Canberra Battery represents a significant milestone for Eku Energy as we celebrate our first GWh of battery energy storage in delivery in Australia. This brings our global portfolio of battery energy storage assets to over 4GWh.
The Government says the battery will deliver at least 250 megawatts of power, enough stored renewable energy to supply one-third of Canberra for two hours during peak demand.
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