Origin Energy

Built World

Secured creditor and project customer

GB Energy placed its Golden Beach gas project into voluntary administration on 6 November 2026, two weeks after Victoria awarded it a production licence. Estimated development costs had climbed past A$1 billion, roughly four times early projections, and the company could not raise the capital needed to reach a final investment decision.

Updated 2 days ago

Built World

Offtaker under a long-term tolling agreement

South Australia's Summerfield battery has officially entered commissioning, less than two years after construction began. The 240 megawatt, 960 megawatt-hour facility, about 55 kilometres east of Adelaide, will become the state's largest battery once fully operational.

Updated Oct 14

Built World

As of May 2026: Managing Supernode output under 12-year tolling agreement

When Tesla built a 100-megawatt battery in South Australia in 2017, it was the world's largest. Eight years later, Australia has become the third-largest grid battery market globally, adding 8.6 gigawatt-hours of storage in 2025 alone—a tripling from the previous year. The country now has nearly 100 grid-forming battery projects in its development pipeline.

Updated May 29