Latest news with #LTESA
The Sun
2 days ago
- Business
- The Sun
Gentari Breaks Ground on Maryvale Solar & Energy Storage Project
SYDNEY, AUSTRALIA - Media OutReach Newswire - 14 August 2025 - Clean energy solutions provider Gentari yesterday marked the groundbreaking of the Maryvale Solar & Energy Storage project (Project Maryvale), a key milestone in delivering reliable, low-carbon energy for New South Wales (NSW). Project Maryvale is a next-generation hybrid renewable energy facility that integrates a 243 MWp solar installation with a 172 MW/409 MWh battery energy storage system (BESS). Once operational, it can deliver up to 172 MW of dispatchable clean electricity - enough to power around 82,000 homes annually - while helping to avoid up to 615,000 tonnes of carbon emissions each year. At the peak of construction, the project is expected to create up to 360 jobs and unlock local opportunities across the regional supply chain. 'Project Maryvale represents our commitment to accelerating Australia's energy transition with reliable, dispatchable renewable energy,' said Claire Elkin, Head of Gentari Australia. 'As one of the first large-scale DC-coupled solar and storage projects in the country it embodies our ambition to deliver clean energy solutions at scale while supporting grid resilience.' Secured under NSW's Electricity Infrastructure Roadmap Project Maryvale was awarded a Long-Term Energy Service Agreement (LTESA) under the NSW Government's Electricity Infrastructure Roadmap. Administered by ASL as the NSW Consumer Trustee, the LTESA provides financial certainty through an option of an energy price floor. This mechanism helps to de-risk the project and facilitate financing. The project is strategically located within the Central-West Orana REZ - one of the priority zones identified by the NSW Government to accelerate renewable energy development. This region offers strong solar resources and is designed to accommodate large-scale generation and supporting infrastructure. Maximising the Value of Green Energy The Maryvale Solar & Energy Storage System will support a reliable renewable energy by enhancing grid stability and efficiency. The system will offer dispatchable renewable energy by firming its own solar output and dispatching it into the grid when it is most needed. Additionally, the system can provide essential ancillary services, which are critical for maintaining grid stability. Together, these functionalities position the BESS as an asset not only for project economics but for overall grid resilience. Leading Deployment of DC-Coupled Hybrid Solutions Project Maryvale stands as one of the largest DC-coupled solar and battery hybrid projects under construction and represents a significant step forward in the integration of renewable energy and storage technologies. The DC-coupled solar and storage allows the project to maximise excess solar generation by directly charging the BESS while delivering smoother, scheduled generation. Social Impact and Local Engagement Gentari is committed to delivering lasting value to the local Maryvale community. This includes establishing a community benefit fund, investing in workforce and industry capability development, and supporting regional infrastructure and housing initiatives in collaboration with local authorities. Through ongoing engagement with First Nations communities, local businesses, education providers, and government stakeholders, Gentari aims to foster inclusive participation and build long-term partnerships based on trust, openness, and shared benefit. Project Maryvale adds to Gentari's clean energy portfolio in Australia, which now includes 814 MW of solar and solar hybrid projects installed and under construction across the country. The project is being delivered by PCL Construction's Solar Division, appointed as the EPC contractor, while the PV modules and BESS system are being free-issued through direct procurement from Tier 1 suppliers — Trinasolar for the solar modules and Contemporary Amperex Technology Australia Pty Ltd , a globally recognised OEM, for the BESS. Notice to Proceed on the construction of this project was given in January 2025 and construction on site is now underway.
New Straits Times
3 days ago
- Business
- New Straits Times
Petronas' unit Gentari unveils next-gen RE facility in Australia
KUALA LUMPUR: Clean energy provider Gentari yesterday launched the Maryvale solar and energy storage project aimed at boosting reliable, low-carbon energy supply in New South Wales, Australia. Gentari said Project Maryvale is a next-generation hybrid renewable energy facility that integrates a 243 megawatt-peak (MWp) solar installation with a 172 megawatt (MW)/409 megawatt-hour (MWh) battery energy storage system (BESS). Once operational, it can deliver up to 172MW of dispatchable clean electricity - enough to power around 82,000 homes annually, while helping to avoid up to 615,000 tonnes of carbon emissions each year. At the peakof construction, the project is expected to create up to 360 jobs and unlock local opportunities across the regional supply chain. Gentari Australia head Claire Elkin said Project Maryvale represents our commitment to accelerating Australia's energy transition with reliable, dispatchable renewable energy. "As one of the first large-scale data centre-coupled solar and storage projects in the country it embodies our ambition to deliver clean energy solutions at scale while supporting grid resilience," she said. Project Maryvale has secured a long-term energy service agreement (LTESA) under the NSW government's electricity infrastructure roadmap. Managed by ASL as the NSW Consumer Trustee, the LTESA offers financial certainty through an energy price floor, helping to reduce project risk and support financing. Located in the Central-West Orana Renewable Energy Zone (REZ), a priority area for renewable development, the project benefits from strong solar resources and infrastructure designed for large-scale energy generation. According to Gentari, the Maryvale solar and energy storage system will enhance grid stability and efficiency by providing dispatchable RE. It can firm its solar output and supply energy when demand is high, while also offering critical ancillary services to support overall grid resilience. As one of the largest data centre-coupled solar and battery hybrid projects under construction, Project Maryvale directly charges its battery from solar output. This allows smoother, scheduled energy delivery and maximises the use of excess solar generation. Gentari said it is committed to delivering lasting value to the local Maryvale community. This includes establishing a community benefit fund, investing in workforce and industry capability development, and supporting regional infrastructure and housing initiatives in collaboration with local authorities.
Arabian Post
3 days ago
- Business
- Arabian Post
Gentari Breaks Ground on Maryvale Solar & Energy Storage Project
Paving the way for dispatchable clean energy in New South Wales SYDNEY, AUSTRALIA – Media OutReach Newswire – 14 August 2025 – Clean energy solutions provider Gentari yesterday marked the groundbreaking of the Maryvale Solar & Energy Storage project (Project Maryvale), a key milestone in delivering reliable, low-carbon energy for New South Wales (NSW). Gentari & PCL leaders break ground at Maryvale Solar & Energy Storage Facility Project Maryvale is a next-generation hybrid renewable energy facility that integrates a 243 MWp solar installation with a 172 MW/409 MWh battery energy storage system (BESS). Once operational, it can deliver up to 172 MW of dispatchable clean electricity – enough to power around 82,000 homes annually – while helping to avoid up to 615,000 tonnes of carbon emissions each year. At the peak of construction, the project is expected to create up to 360 jobs and unlock local opportunities across the regional supply chain. ADVERTISEMENT 'Project Maryvale represents our commitment to accelerating Australia's energy transition with reliable, dispatchable renewable energy,' said Claire Elkin, Head of Gentari Australia. 'As one of the first large-scale DC-coupled solar and storage projects in the country it embodies our ambition to deliver clean energy solutions at scale while supporting grid resilience.' Secured under NSW's Electricity Infrastructure Roadmap Project Maryvale was awarded a Long-Term Energy Service Agreement (LTESA) under the NSW Government's Electricity Infrastructure Roadmap. Administered by ASL as the NSW Consumer Trustee, the LTESA provides financial certainty through an option of an energy price floor. This mechanism helps to de-risk the project and facilitate financing. The project is strategically located within the Central-West Orana REZ – one of the priority zones identified by the NSW Government to accelerate renewable energy development. This region offers strong solar resources and is designed to accommodate large-scale generation and supporting infrastructure. Maximising the Value of Green Energy ADVERTISEMENT The Maryvale Solar & Energy Storage System will support a reliable renewable energy by enhancing grid stability and efficiency. The system will offer dispatchable renewable energy by firming its own solar output and dispatching it into the grid when it is most needed. Additionally, the system can provide essential ancillary services, which are critical for maintaining grid stability. Together, these functionalities position the BESS as an asset not only for project economics but for overall grid resilience. Leading Deployment of DC-Coupled Hybrid Solutions Project Maryvale stands as one of the largest DC-coupled solar and battery hybrid projects under construction and represents a significant step forward in the integration of renewable energy and storage technologies. The DC-coupled solar and storage allows the project to maximise excess solar generation by directly charging the BESS while delivering smoother, scheduled generation. Social Impact and Local Engagement Gentari is committed to delivering lasting value to the local Maryvale community. This includes establishing a community benefit fund, investing in workforce and industry capability development, and supporting regional infrastructure and housing initiatives in collaboration with local authorities. Through ongoing engagement with First Nations communities, local businesses, education providers, and government stakeholders, Gentari aims to foster inclusive participation and build long-term partnerships based on trust, openness, and shared benefit. Project Maryvale adds to Gentari's clean energy portfolio in Australia, which now includes 814 MW of solar and solar hybrid projects installed and under construction across the country. The project is being delivered by PCL Construction's Solar Division, appointed as the EPC contractor, while the PV modules and BESS system are being free-issued through direct procurement from Tier 1 suppliers — Trinasolar for the solar modules and Contemporary Amperex Technology Australia Pty Ltd , a globally recognised OEM, for the BESS. Notice to Proceed on the construction of this project was given in January 2025 and construction on site is now #Gentari #ProjectMaryvale #SolarEnergy #BatteryStorage #RenewableEnergy #CleanEnergy #EnergyTransition #NetZero #AustraliaEnergy #GreenInfrastructure The issuer is solely responsible for the content of this announcement. About Gentari Gentari is focused on delivering the solutions required to put clean energy into action today, to transform how we live tomorrow. Gentari's three initial core pillars of Renewable Energy, Hydrogen and Green Mobility form a comprehensive portfolio of solutions to help customers in their decarbonisation journey. Its mission is to be the leading Commercial and Industrial (C&I) and utility-scale renewable energy developer, a scale hydrogen producer and go-to industry partner, and Asia Pacific's leading green mobility solutions partner. In the long term, Gentari aims to be the most valued clean energy solutions partner, creating greater impact, connecting businesses, and making the journey to a net zero future possible. Gentari is a leading owner and operator of utility-scale solar farms and storage investments. With approximately 814 MW of solar and solar hybrid projects installed and under construction across the country, including one of the largest solar farms in Victoria, Gentari is a key player in Australia's renewable energy landscape.
Business Wire
07-08-2025
- Business
- Business Wire
Energy Vault Secures Final FIRB Approval and Completes Acquisition of 125 MW/1,000 MWh Stoney Creek BESS in Australia
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a global leader in grid-scale energy storage solutions, today announced it has received Foreign Investment Review Board (FIRB) approval and completed the full acquisition of the Stoney Creek Battery Energy Storage System (BESS) project in Northern New South Wales. The 125 MW/1,000 MWh project now formally enters Energy Vault's international 'Own & Operate' portfolio, advancing the company's long-term asset management strategy in the Australian market. Energy Vault has formalized its investment position in the Stoney Creek BESS following receipt of Foreign Investment Review Board (FIRB) approval, enabling full acquisition and control of the project's development and operations. The project was initially announced for acquisition from Enervest Group in March 2025. This strategic acquisition underscores Energy Vault's commitment to accelerating Australia's transition to a more resilient, low-carbon energy grid. The Stoney Creek BESS represents a flagship deployment within the company's Asset Vault portfolio, leveraging Energy Vault's vertically integrated approach to energy storage development. With full control of the project's lifecycle—from design through long-term operation—Energy Vault is positioned to optimize both performance and profitability while delivering essential grid services. The project's award of a 14-year LTESA contract provides a strong foundation of contracted revenue, enabling long-term value creation for stakeholders and reinforcing investor confidence. Coupled with Energy Vault's proprietary VaultOS™ platform and advanced B-VAULT™ storage technology, the Stoney Creek BESS will offer critical dispatchable capacity to support peak demand, enhance grid stability, and enable deeper integration of renewable energy sources across New South Wales. The 125 MW/1,000 MWh BESS was awarded a 14-year Long-Term Energy Service Agreement (LTESA) under Roadmap Tender Round 5 for Long Duration Storage, administered by AEMO Services as the Consumer Trustee under the New South Wales Electricity Infrastructure Roadmap. The LTESA provides up to 14 years of predictable, contracted revenue, helping to de-risk the project and accelerate investment in critical storage infrastructure. The Stoney Creek BESS has been designed to deliver eight hours of dispatchable energy, and once operational, will support grid reliability and flexibility in a strategic location within NSW's transitioning energy landscape. Energy Vault is developing and integrating the project, utilizing its VaultOS™ energy management platform and B-VAULT™ system to optimize performance, market participation, and long-term asset management. 'The formal acquisition of Stoney Creek represents a first and very significant milestone in Energy Vault's long-term investment strategy for Australia,' said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. 'As the first non-US project developed under our global 'Own & Operate' asset strategy, Stoney Creek underscores our focus on attractive, high growth markets for energy storage solutions supported by favorable regulatory policies as is the case with Australia. We have multiple storage projects in various stages of construction across eastern Australia, and we look forward now to focusing on moving the Stoney Creek BESS rapidly to RTB construction and eventual operation in order to maximize the benefits for the local communities while supporting the NSW regional decarbonization goals.' Stoney Creek represents one of several large-scale 'Own & Operate' assets Energy Vault is advancing across Australia, underpinning a growing pipeline of energy storage deployments designed to enable both merchant and contracted revenue streams through the company's Energy VaultOS™ and Vault-Bidder™ platforms. About Energy Vault Energy Vault ® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company's hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault's innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault's gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit for more information. Forward-Looking Statements This press release includes forward-looking statements that reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as 'anticipate,' 'expect,' 'suggest,' 'plan,' 'believe,' 'intend,' 'project,' 'forecast,' 'estimates,' 'targets,' 'projections,' 'should,' 'could,' 'would,' 'may,' 'might,' 'will' and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the failure to execute definitive agreements, changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our awards, bookings and backlogs and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the timing of permits; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption 'Risk Factors' in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC's website at New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
