As the global shift to renewable energy accelerates, Australia is emerging as one of the hottest markets for large-scale battery storage projects. In a landmark move, Pacific Green Technologies has secured close to $50 million in funding that will drive the development of a massive 7 GWh battery energy storage portfolio. This milestone not only marks a major leap for the company but also reinforces Australia’s commitment to strengthening its clean energy infrastructure.

Pacific Green Technologies successfully raised $49.96 million through a syndicated facility involving Longreach Credit Investors and the Australian Philanthropic Services Foundation. This facility, provided over 24 months, ensures the company has both the financial muscle and the flexibility to scale its ambitious battery storage pipeline. Such strategic financing highlights growing investor confidence in the future of renewable energy storage, a sector critical to balancing the intermittent nature of wind and solar power.

The 7 GWh portfolio is designed to enhance reliability and support the Australian National Electricity Market. Pacific Green’s assets are strategically located across the country, ensuring they address energy bottlenecks while enabling smoother renewable integration. A key highlight is the 10-year offtake agreement signed in 2025 with ZEN Energy, covering 1.5 GWh of storage capacity. This long-term tolling deal provides revenue certainty while underscoring the rising demand from utilities for grid-scale storage solutions.

Among the cornerstone projects of this portfolio are the Portland Energy Park in Victoria, a 1,000 MW/2,500 MWh development, and the Limestone Coast Energy Park in South Australia, sized at 500 MW/1,500 MWh. Both projects are set to play a pivotal role in stabilizing regional grids, reducing reliance on fossil fuels, and supporting peak demand periods. For businesses, policymakers, and communities alike, these projects represent tangible progress toward a more resilient and sustainable energy future.

Australia is positioning itself as a global leader in clean energy transition, and Pacific Green’s bold expansion is evidence of that momentum. With this funding, the company is not just building storage capacity—it is laying the foundation for a greener, more reliable energy system.

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