Eku Energy Awarded Long-Duration Storage Long-Term Energy Service Agreement
Eku Energy announced that it has been awarded a NSW Long Duration Storage Long-Term Energy Service Agreement (LDS LTESA) from AEMO Services, for a 100 MW/800 MWh Battery Energy Storage System (BESS) in Yoogali, within the Griffith Local Government Area (LGA) of New South Wales.
The LDS LTESA agreement represents an important milestone for Eku Energy’s Griffith BESS, which will provide an eight-hour duration storage capacity to store excess renewable energy and dispatch it during periods of high demand. When it is operational, the BESS will balance supply and demand, reduce energy price volatility, and contribute to the stability of the electricity grid in the National Electricity Market (NEM).
Located approximately 500 metres from the Griffith Substation, the Griffith BESS will provide efficient integration into the existing electricity network. The Griffith BESS has the storage capacity to serve over 88 percent of daily electricity demand from the Griffith LGA. This strategic location will enhance grid reliability, unlocking more renewable energy from solar energy generators that would otherwise be curtailed in the region.
Daniel Burrows, Chief Executive Officer, Eku Energy, said:
"Securing the Long Duration Storage Long-Term Energy Service Agreement for our Griffith BESS is a significant milestone for Eku Energy. This project underscores our commitment to accelerating the energy transition by delivering safe and reliable energy storage solutions, through providing cost-effective clean energy to existing and future generations, whilst also supporting New South Wales' transition to a sustainable energy future."
Griffith BESS will directly support the local community with local procurement commitments and benefits sharing programs. These commitments include embedding First Nations subcontracting targets in delivery, local Benefits Sharing Programs that will be delivered during both the construction and operations phases and deploying funding towards local workforce development and education facilities within the Region.
Eku Energy's success in this tender aligns with its broader strategy to develop and manage a diversified portfolio of energy storage assets globally. The company continues to collaborate with governments, developers, and local communities to deliver projects that facilitate the energy transition and provide long-term value.
The Griffith BESS is expected to be operational in 2028. Eku Energy is dedicated to engaging with the local community throughout the project's development to ensure it delivers economic, social, and environmental benefits to the region. Valuable feedback was gathered at the most recent community drop-in session on 30 January and residents across Griffith LGA are invited to find out more and provide input on the project.
