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

Core Insights - Pacific Green has entered into a 10-year tolling agreement with ZEN Energy for three Battery Energy Storage System (BESS) projects in Australia, totaling 1.5GWh of storage capacity, marking a significant growth phase for the company [1][2] - The agreement follows an initial offtake agreement of 500MWh for the Limestone Coast North project in South Australia, indicating a strategic expansion of Pacific Green's project portfolio [2] Company Developments - The new framework agreement allows Pacific Green to underwrite a significant portion of its development portfolio in Victoria, New South Wales, and Queensland, facilitating the industrialization of its project development processes [2] - The partnership with ZEN Energy is aimed at supporting sustainability-driven commercial and industrial customers while addressing the volatility in the energy transition [2]