Energy storage developer Eku Energy has started constructing a 250MW/500MWh battery energy storage system (BESS) in Canberra, the Australian Capital Territory (ACT).

Battery energy storage developer Eku Energy has reached a financial close for 250MW/500MWh battery energy storage system (BESS) in Canberra, the Australian Capital Territory (ACT).

Eku Energy has seen its development application for a 250MW/500MWh BESS in the Australian Capital Territory (ACT), approved.

NHOA Energy’s EBITDA for H1 2023 dropped by 38.8% year-on-year to €1.11 million (US$1.23 million) but the company expected the EBITDA for 2023 to reach up to €10 million.