Pacific Green Signs Commitment Agreement With ZEN Energy for BESS Offtake in Australia for 1.5GWh

Rhea-AI Summary

Pacific Green Technologies (PGTK) has secured a significant commitment agreement with ZEN Energy for battery energy storage system (BESS) projects in Australia. The agreement covers 10-year tolling arrangements across three BESS projects in Victoria, New South Wales, and Queensland, totaling 1.5GWh of storage capacity.

This strategic framework follows Pacific Green's initial 500MWh offtake agreement for Limestone Coast North in South Australia and represents a major advancement in the company's 7GWh Australian project portfolio. The partnership aims to support ZEN's growing commercial and industrial customer base while managing energy transition volatility.

Positive

• Secured 10-year tolling arrangements for 1.5GWh storage capacity
• Strategic framework helps underwrite significant portion of Australian portfolio
• Expands presence across multiple Australian states
• Builds on existing 500MWh Limestone Coast North agreement
• Accelerates route to market for 7GWh project portfolio

Negative

• None.

Sydney, Aug. 05, 2025 (GLOBE NEWSWIRE) -- - Pacific Green is pleased to announce that its battery energy storage business in Australia has entered into a commitment agreement with ZEN Energy (“ZEN”) for 10-year tolling arrangements across three Battery Energy Storage System (BESS) projects located in Victoria, New South Wales, and Queensland totaling 1.5GWh of storage capacity. This milestone marks a pivotal step in Pacific Green’s transition to its next phase of growth, significantly accelerating the route to market for its Australian project portfolio of 7GWh.

Scott Poulter, Pacific Green’s Group CEO, commented: “Following our initial offtake agreement of 500MWh for Limestone Coast North in South Australia, we are delighted to enter into a strategic framework for a further 1.5GWh. This framework agreement helps Pacific Green underwrite a significant part of the our portfolio of developments in Victoria, New South Wales and Queensland, and enables Pacific Green to industrialize its project development processes.”

Anthony Garnaut, CEO of ZEN, stated: “ZEN and Pacific Green share a strategy that has storage at its heart. This next stage of ZEN’s deepening partnership with Pacific Green enables us to support our growing book of sustainability-driven commercial and industrial customers, as well as smooth the volatility inherent in the energy transition, as we meet the 24/7 requirements of our customers.”

Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
+1 (302) 601-4659
info@pacificgreen.com

FAQ

What is the size of Pacific Green's (PGTK) new battery storage agreement with ZEN Energy?

Pacific Green secured a 1.5GWh battery storage commitment agreement with ZEN Energy, covering three BESS projects across Victoria, New South Wales, and Queensland.

How long is the tolling arrangement between Pacific Green and ZEN Energy?

The tolling arrangement is for a period of 10 years across the three BESS projects.

What is Pacific Green's (PGTK) total battery storage portfolio in Australia?

Pacific Green has a total Australian project portfolio of 7GWh, which includes the new 1.5GWh agreement and previous 500MWh Limestone Coast North project.

Which Australian states are included in Pacific Green's new BESS projects with ZEN?

The BESS projects are located in Victoria, New South Wales, and Queensland.

What was Pacific Green's previous agreement with ZEN Energy?

Pacific Green had a previous 500MWh offtake agreement for the Limestone Coast North project in South Australia.