Energy Storage News•28 days ago
Vena Energy secures AU$200 million revenue share deal for 204MW battery storage site in Australia
- •Vena Energy secured a AU$200 million long-term revenue share agreement with InCommodities for its 204MW/510MWh Bellambi Heights BESS in Central West NSW, Australia.
- •This deal highlights a significant commercialization pathway for large-scale, long-duration battery storage projects, enabling developers to de-risk investments through partnerships with energy trading firms.
- •The revenue share model allows the BESS to optimize participation in various grid services, including energy arbitrage, ancillary services, and potentially capacity markets, maximizing asset value over time.
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