ACE Power Finalises Sale of ‘Ready-To-Build’ Grid-Forming BESS in Victoria to Banpu Energy Australia
August 2025
More reliable power for Victoria is a step closer with ACE Power announcing the sale of a 103 MW / 206 MWh grid-forming battery energy storage system (BESS) located in the Loddon Valley region of Victoria, approximately 5km south of Kerang, to Banpu Energy Australia.
The ACE team has successfully developed the Kerang BESS from a greenfield site to the ‘ready-to-build’ stage. This included securing land tenure, obtaining the relevant planning and grid approvals, negotiating key construction contract terms and entering a Cultural Heritage Management Plan with local Traditional Owner representative organisations. ACE Power will continue to support Banpu with achieving financial close which is scheduled to occur later this year.
ACE Power Founder and Managing Director, Andy Scullion, is very pleased with the outcome:
“We are delighted to have reached agreement with Banpu Energy Australia on the sale of Kerang BESS. This is a fantastic outcome for the network in northern Victoria after 3 years of work from our team. Using grid-forming inverter technology, Kerang BESS will provide stronger support to the Victorian electricity network by boosting system strength and resilience. This will also unlock additional capacity for other renewable technologies such as solar and wind to come online.”
The system is intended to operate by charging when energy is abundant—typically during midday hours—and discharging during peak demand periods in the morning and evening. This will enhance overall grid balance, increase competition in the energy market, and help to reduce electricity costs for Victorian consumers.
In parallel, ACE Power is also developing the adjacent Kerang Solar & BESS Hybrid project which received 5.3.4A connection approval in July this year and is expected to reach financial close shortly after Kerang BESS. Together, these projects highlight ACE Power’s leading role in supporting the Victorian Government’s renewable energy and storage targets. At peak construction, the two projects will employ approximately 150 full-time equivalent workers and create 12 permanent operational roles.
ACE Power are experts across the entire lifecycle of renewable energy projects, and are committed to accelerating the transition of Australia’s electricity network with clean, reliable energy. Our experienced team is headquartered in Sydney with a local presence in Queensland, Western Australia and South Australia, and has decades of industry expertise in developing, financing and delivering renewable energy projects.
With a strong focus on collaboration with local communities and providing an overall positive impact to the community and environment, ACE Power is developing its 10 GWp pipeline with a technology mix focusing on onshore wind, solar and battery projects situated at strategic locations across Australia.
ACE Power is backed by shareholder and partner, Pelion Green Future, a leading clean energy and sustainability investment holding focused on facilitating the clean energy transition globally