Octopus Australia has achieved financial close on a AU$900 million (US$587 million) DC-coupled hybrid facility that combines 300MW of solar generation with a 243MW/486MWh battery energy storage system (BESS) in New South Wales.
Octopus Australia has acquired the Coleambally battery energy storage system (BESS), a 100MW/400MWh standalone project in development located in southern New South Wales.
Battery storage equipped with optimisation platforms not specifically designed for Australia’s NEM missed revenue opportunities during the 10 October price spike, according to Sahand Karimi, co-founder and CEO of OptiGrid.