ZEN secures funds to start Templers Battery in SA

Battery project surrounded by green fields (templers)
Image: ZEN Energy

Australian-owned ZEN Energy has successfully secured funding from Stonepeak to facilitate the construction of the second largest energy storage project in South Australia’s electricity network.

Related article: EnergyAustralia planning new grid-scale battery in SA

Stonepeak, through its portfolio company Peak Energy, a platform dedicated to the development of renewable assets across Asia Pacific, has announced an up to AU$70 million investment into ZEN Energy’s Templers Battery Energy Storage System.

Templers BESS, located 60km north of Adelaide in South Australia, is a 111MW/291MWh battery energy storage system that, when completed, will be the second largest system by energy stored in South Australia.

ZEN Energy CEO Anthony Garnaut said, “Templers BESS is a key milestone in ZEN’s significant growth and marks our first substantial asset, in the state where we started.

“The South Australian Government, through committing to a long-term contract with a renewable retailer has enabled this significant investment in further stabilising the supply of renewable, affordable energy into South Australia.

Related article: Construction starts on 500MW Collie Battery in WA

“Stonepeak and Peak Energy’s commitment to ZEN will enable us to continue to bring more renewable assets to the grid in South Australia.”

Previous articleAGL launches online tool to assist customer electrification
Next articleNew battery tech being tested in regional WA microgrids