The two agreements bring the total number of virtual battery customers at the Western Downs site to five. AGL Energy, Shell Energy and Engie each hold existing virtual battery contracts at the facility, and Neoen noted it has now been four years since it first brought the virtual battery product to the Australian market.
Virtual battery agreements allow energy retailers to access the operational functions of a grid-scale battery without developing, building or operating one themselves.
Under the structure, a retailer virtually charges or discharges a contracted portion of the physical battery at times of its choosing, enabling it to manage the intermittency of its renewable energy generation portfolio and the flexibility requirements of its customer load.
Neoen retains ownership and operations of the physical asset and continues to generate revenue from the remaining capacity through wholesale energy markets, ancillary services and frequency control.
A site expanding in scale and commercial depth
