Energy Storage News•about 1 month ago
Engie fully acquires Australia’s first large-scale BESS built on a decommissioned coal plant
Key Takeaway
Engie's full acquisition of a large-scale BESS on a former coal plant site underscores the increasing strategic value of battery storage for grid modernization and brownfield redevelopment.
AI Summary
- •Engie has fully acquired the Hazelwood BESS in Victoria, Australia, marking a significant M&A event in the energy storage sector.
- •This large-scale battery project is notable for being built on a decommissioned coal plant site, highlighting a growing trend of repurposing brownfield locations for new energy infrastructure.
- •The acquisition by a major energy player like Engie signals strong confidence in utility-scale battery storage as a critical asset for grid stability and renewable integration, offering benefits to developers and large power consumers seeking reliable power solutions.
Topics
m&astorage