Quinbrook secures 1500MWh BESS offtake agreements with Origin Energy for Supernode Storage Project in Queensland, Australia

Origin Energy has committed to a substantial 1500MWh offtake from Quinbrook's Supernode Storage Project in Queensland, Australia, through a newly announced PPA. This agreement, valued at $84.5 million USD, secures critical battery energy storage system (BESS) capacity for Origin, enhancing grid reliability and firming renewable generation within its Australian operations. The commercial logic for Origin centers on integrating a significant 1500MWh storage solution to manage intermittency and optimize its energy portfolio in Queensland. For Quinbrook, a specialist investor in energy transition infrastructure, this PPA provides crucial revenue certainty for its Supernode Storage Project, de-risking the development and construction of the large-scale BESS asset. The announced PPA structure ensures a predictable revenue stream for Quinbrook while granting Origin Energy access to flexible dispatchable power, a key component for modern energy markets. Quinbrook Infrastructure Partners, founded in 2016 with over $5 billion in assets under management, continues to execute on its lower carbon and renewable energy infrastructure strategy with this 2024-03-03 announcement. This 1500MWh Supernode Storage Project PPA demonstrates Quinbrook's capability to develop and build innovative projects, aligning with their focus on creative investing to accelerate cleaner energy. Origin Energy, an Australian energy company involved in power generation and gas exploration, is actively expanding its electricity solutions, and this BESS offtake directly supports that strategic direction in Queensland. The deal allows Origin to utilize the 1500MWh BESS capacity, bolstering its offerings to residential and business customers across Australia. This transaction demonstrates the increasing demand for large-scale battery storage in Australia, as energy companies like Origin seek to stabilize grids amidst growing renewable penetration.