Melbourne, January 22, 2026 – Eku Energy announced today that it has divested its minority interest in the Hazelwood Battery Energy Storage System (BESS) to the current majority owner ENGIE Australia.

Hazelwood BESS marked a new era in Australia’s energy transition as the first Australian storage project built on the site of a former coal-fired power station. The 150 MW/ 150 MWh Hazelwood BESS is Eku Energy’s seed asset and was successfully commissioned in June 2023 in collaboration and partnership with majority owner ENGIE Australia. Bringing complementary skills to the project, both teams at Eku Energy and ENGIE Australia worked closely to develop the site with a clear commercialisation pathway in place which includes the ability to expand the existing Hazelwood project. Now in operation for 2.5 years, the project is supporting grid reliability in Victoria.  

Eku Energy is focused on delivering BESS projects across the entire project lifecycle from origination and development through to construction and ongoing management. The company continues to maintain a long-term view of its investments globally. The divestment of interests in the Hazelwood BESS project to ENGIE Australia aligns with Eku Energy’s stated long-term objective of focusing on majority owned and operated assets in its portfolio of projects and delivering safe, secure and reliable energy storage assets. To date, Eku Energy has a development pipeline of over 50 projects globally across the United Kingdom, Italy, Australia, New Zealand and Japan.

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