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.

“To toll or not to toll seems to be the question. Rather the question you should be asking is with whom and how much,” a panellist at the Energy Storage Summit EU in London said today (19 February).

Octopus Group’s first standalone battery energy storage system (BESS) project in Australia has won local approval in Queensland.

Octopus Investments Australia has bought one of the biggest BESS projects in development in the country, from developer Firm Power.