Anza Power, an independent power producer launched by I Squared Capital in January, has signed a tolling agreement with Amazon Australia for the Bairnsdale Battery Energy Storage System in East Gippsland, Victoria.
The agreement represents Amazon’s first standalone battery storage tolling agreement in Asia Pacific and a first-of-its-kind arrangement in Australia for a nonenergy business.
The Bairnsdale system will connect directly to the electricity grid as an independent asset, rather than operating alongside a solar or wind project.
With 50 megawatts of capacity and 200 megawatt-hours of energy storage, the project is designed to store electricity and dispatch it during periods of peak demand. This will help support regional grid reliability, improve energy flexibility and enable greater integration of renewable generation into Australia’s National Electricity Market.
I Squared
