British battery storage developer Pacific Green Technologies Inc (OTCMKTS:PGTK) has unveiled plans to construct a massive 1 GW/2.5 GWh energy storage complex in Victoria, marking its second project in the Australian market. Positioned to become one of the largest grid-scale battery energy parks in Australia, the project is set to be located in Portland and aims to enhance energy supply while supporting the integration of renewable energy capacity within Victoria's Southwest Renewable Energy Zone.
The proposed Portland Energy Park, situated near an aluminum smelter and water treatment plant, will leverage existing electrical infrastructure to facilitate its operations. Comprising four 250-MW battery units, the complex will connect to an established 500-kV transmission line.
Pacific Green estimates that the project's implementation will result in a 3.8% reduction in total wholesale energy costs for Victorian households. This ambitious venture aligns with Australia's ongoing efforts to strengthen its renewable energy infrastructure and transition towards a more sustainable energy landscape.
Currently navigating through the regulatory permitting process, the Portland Energy Park anticipates commencing construction in the first half of 2025. The strategic location and substantial capacity of this battery storage facility position it as a significant contributor to the region's energy resilience and transition to cleaner energy sources.
This announcement follows Pacific Green's recent exclusivity deal secured in November, earmarking a site in South Australia's Limestone Coast region for a 500 MW/1,000 MWh battery storage facility. Pacific Green continues to play a pivotal role in advancing Australia's energy storage capabilities, emphasizing the country's commitment to fostering renewable energy projects and sustainable practices.