ENGIE and Neoen Sign Virtual Battery Deal for VBB

ENGIE and Neoen have inked a virtual battery offtake agreement for the Victorian Big Battery (VBB), marking ENGIE’s first such venture in Australia. This innovative deal enables ENGIE to manage its renewable energy portfolio more effectively by simulating battery operations like virtual charging and discharging.

1. Enhanced Renewable Management:

   • Addresses the intermittency of renewable energy generation.

   • Provides flexibility in managing customer energy loads.

2. Supports Physical Battery Expansion:

   • Complements ENGIE’s 150MW/150MWh Hazelwood Battery Energy Storage System (BESS).

   • Strengthens ENGIE’s firming portfolio while advancing additional BESS projects.

Tiburce Blanchy, Head of ENGIE Global Energy Management and Sales (GEMS), praised the partnership as a step toward carbon neutrality:

• “This virtual battery agreement supports our clients’ sustainability goals and decarbonizes Australia’s energy system.”

• Timeline: The agreement begins in late 2024, with a second transaction planned for mid-2025.

Neoen Australia CEO, Jean-Christophe Cheylus, highlighted how this partnership aligns with customer needs:

• “This virtual battery product reflects the evolution of energy solutions and Neoen’s commitment to advancing decarbonization.”

The Victorian Big Battery continues to play a pivotal role in bolstering Australia's renewable energy capabilities through cutting-edge partnerships.

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