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The ACT government announces it's partnering with Eku Energy to deliver the much-hyped Big Canberra Battery which could power one-third of Canberra for two hours.
Selection of the battery operator will be made in late 2024 following a procurement process. The Big Canberra Battery project will provide renewable energy security across the electricity grid, help the ACT grow its renewable energy sector, provide more local employment opportunities, and deliver a positive financial return for the Territory.
Render of Big Canberra Battery. Image: Eku Energy. The ACT government has selected Macquarie Group’s newly formed global battery group Eku Energy to build one of the largest big batteries in the country in the national capital, and featuring an innovative although secretive financing deal.
The ACT Government is building a big battery in Williamsdale. Construction has begun, in partnership with Eku Energy. This project is part of larger efforts to make Canberra a cleaner, greener city. Construction has begun the Williamsdale Battery Energy Storage System (BESS).
Expected to be online in 2025, the battery energy storage system will cost between $300 million and $400 million and could hold enough energy to power one-third of Canberra for two hours during peak demand. Chief Minister Andrew Barr has signed a partnership with Eku Energy's Daniel Burrows for the Big Canberra Battery. (ABC News: Patrick Bell)
Eku Energy Asia Pacific director and chief investment officer Daniel Burrows said he was "proud and humbled" to be responsible for the delivery of the Big Canberra Battery. "We look forward to delivering safe, secure and reliable energy to the grid," Mr Burrows said.
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Live ChatThe 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.
Live ChatThe Williamsdale BESS, part of the ACT Government''s Big Canberra Battery project, will provide power for one-third of Canberra during peak demand. Set for operational status in 2026, the system operates under a revenue swap arrangement, benefiting both the ACT Government and Eku Energy through participation in the National Electricity Market.
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Live ChatThe ACT Government is pushing ahead with its plans for the Big Canberra Battery project after the recent closure of a successful pitch to the market for suppliers. Chief Minister Andrew Barr said there had been significant industry interest in the project, with the government fielding 42 submissions, two-thirds of which were from Australian companies.
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