GIG & Shell to develop 200MW Australian storage project

Macquarie Asset Management’s Green Investment Group (GIG) and Shell Energy Operations (Shell Energy) are to partner on the development of a 200MW / 400MWh utility-scale battery energy storage system (BESS) in Cranbourne, Victoria.

Once fully operational, Rangebank BESS will have the storage capacity to power the equivalent of 80,000 homes across Victoria for an hour during peak periods.

The project - to be developed by GIG and Shell Energy on two hectares of land within the Rangebank Business Park in Melbourne’s southeast - has reached financial close and is expected to be completed in late 2024.

The BESS will be built, serviced, and maintained by Fluence.

Shell Energy will have access to 100% of the battery’s offtake over a 20-year period, via an offtake agreement.

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