Aggreko to develop, own, and operate hybrid power station for Arrow Energy

Aggreko, a global leader in modular power and energy services, has announced a significant development deal to construct, own, and operate a hybrid power station for Arrow Energy's Surat North gas project in Australia. This 20-year agreement underscores a strategic shift for Aggreko into long-term, fixed infrastructure ownership and operation, moving beyond its traditional mobile and modular offerings. The hybrid facility will integrate a 17 MW solar farm, an 8.4 MVA / 16 MWh battery energy storage system, and a 33.75 MVA gas-fired thermal power plant, providing a robust and diversified power solution for Arrow Energy's industrial operations. This deal is notable for several reasons, including the substantial 20-year power purchase agreement (PPA) which provides Aggreko with long-term, stable revenue. The integrated hybrid technology, combining solar, battery storage, and gas generation, reflects a growing trend towards reliable, dispatchable, and increasingly sustainable power solutions for energy-intensive industrial clients. For Aggreko, it represents a significant expansion of its capabilities as a full-scope developer, owner, and operator of complex energy infrastructure. The transaction, announced in March 2026, highlights the ongoing demand for tailored energy solutions in Australia's resource sector, where energy security and cost efficiency are paramount.