Shell Energy Operations and Macquarie Asset Management’s Green Investment Group (GIG) are collaborating on a 200-MW/400-MWh battery energy storage project in Victoria, Australia.
Australia-based Perfection Private has joined as a minority equity partner.
The partners have already achieved financial closure on the project and are expected to finalize it late next year,
Dubbed Rangebank BESS, the system will have the storage capacity to supply roughly 80,000 homes across Victoria for an hour during peak periods.
Its operation will help stabilize the state’s electricity network by discharging electricity at peak demand periods.
Fluence Energy Inc, the energy storage joint venture of AES Corp and Siemens AG, will build, service, and maintain the energy storage facility.
Shell Energy will have access to 100 percent of the battery’s capacity under a 20-year power off-take agreement.
Meanwhile, GIG will transfer its stake to Eku Energy, its standalone battery-storage-focused business.


How America courted increasingly destructive wildfires − and what that means for protecting homes today
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates
Swimming in the sweet spot: how marine animals save energy on long journeys
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum
Fertile land for growing vegetables is at risk — but a scientific discovery could turn the tide
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 



