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August 31, 2021

AGL-Maoneng Battery Energy Storage Systems, Australia

By Carmen

The AGL-Maoneng Battery Energy Storage Systems is a 200,000kW energy storage project located in New South Wales, Australia. The rated storage capacity of the project is 400,000kWh.

The project was announced in 2019 and will be commissioned in 2023.

Description

The AGL-Maoneng Battery Energy Storage Systems is being developed by Maoneng Group. The project is owned by Maoneng Group (100%).

The key applications of the project are energy cost optimization and energy demand management.

Contractors involved

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Maoneng Group is the owner. Maoneng Group is the developer.

Additional information

AGL has signed four innovative battery derivative agreements with Maoneng Group, which will provide security of pricing to benefit customers during peak periods. The deal will see Maoneng develop four large-scale batteries, each 50 MW/100 MWh in capacity in New South Wales. Under the contract, AGL has the ability to call on capacity as required from the Maoneng batteries at a fixed price for 15 years, thereby locking in a price on the cost of electricity for that period.

About Maoneng Group

Maoneng Group (Maoneng) is a provider of renewable energy solutions. The company is involved in financing, developing and delivering solar energy projects. It provides energy solutions for commercial, industrial and government customers. The company’s projects include Mugga Lane Solar Park and Sunraysia Solar Farm. Its Sunraysia Solar Farm is a utility-scale solar photovoltaic (PV) farm located near Balranald in southern New South Wales with total capacity of 255MWDC. The company’s Mugga Lane Solar farm generates approximately 24,500 MWh of electricity. Maoneng is headquartered in Sydney, New South Wales, Australia.

Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.

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