* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Drone technology demo in Cambria County showcases future of lifesaving medical deliveries – local21news.com

    Revolutionizing Healthcare: Drone Technology Takes Flight for Lifesaving Medical Deliveries in Cambria County

    Revolutionary Harvesting Technology Promises to Slash CAR-T Manufacturing Costs!

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Gaw Capital and Singapore’s BW Group Launch $1.3B Aussie Battery Storage Venture

January 25, 2024
in Technology
Gaw Capital and Singapore’s BW Group Launch $1.3B Aussie Battery Storage Venture
Share on FacebookShare on Twitter

Artist rendering of a Valent Energy project (Image: Gaw Capital)

Hong Kong-based private equity firm Gaw Capital and Singapore-based maritime and energy company BW Group have established a joint venture to invest in battery energy storage system (BESS) projects in Australia.

The 50:50 JV, dubbed Valent Energy, will see Gaw Capital and BW ESS, the energy storage investment arm of BW Group, committing over A$2 billion ($1.3 billion) to develop, own and operate grid scale BESS projects to accelerate Australia’s transition to clean energy, Valent Energy said in a release on Wednesday.

The portfolio has been seeded with seven BESS projects and one solar PV farm across New South Wales, Victoria and South Australia, with a total capacity of over 1.6GW.

“We are delighted to partner with BW in building this battery storage platform together. I am confident that Valent will combine our respective strengths in industry and capital markets to underwrite a successful delivery of the battery assets that are urgently needed in Australia’s energy transitioning space,” said Christina Gaw, global head of capital markets and co-chair of alternative investments for Gaw Capital.

Seeded by Previous Acquisition

Valent Energy’s seed portfolio includes assets that had originally been under development by renewable energy developer Maoneng Group, which Gaw Capital acquired by taking a majority stake in the Sydney-based company in October 2022.

In addition to the seed projects initiated by Maoneng, the joint venture will also pick up assets from BW ESS and other new projects in the future, a Gaw Capital spokesperson told Mingtiandi.

Oliver Yates

Oliver Yates, head of climate tech strategy for Australia at Gaw Capital

Three developments within the seed portfolio – a 240MW facility in Mornington and a 250MW project in Pine Lodge, both located in Victoria, as well as a 120MW development in New South Wales’ Apsley region – have secured connection and development approvals and are set to commence construction this year.

Three other projects – a 200MW Tamworth development and a 120MW complex in Armidale in New South Wales, as well as a 225MW facility in South Australia’s Gould Creek – are expected to obtain connection approvals in early 2025. The venture also has a site in the New South Wales town of Merriwa, which encompasses a 550MW solar PV farm and a 400MW BESS project.

Valent Energy is chaired by Oliver Yates, who joined Gaw Capital in December to lead its expansion in Australia with a focus on climate tech and energy transition investments. Yates previously served as chief executive of Australia’s Clean Energy Finance Corporation and held various executive roles at Macquarie.

“With the rollout of substantial government policy to support battery projects, and the record periods of negative prices during daytime solar floods, the moment could not be a timelier for Valent to build large scale batteries,” said Yates.

According to Valent Energy, grid scale BESS is the most efficient and cost-effective form of energy storage and plays a critical role in the transition to renewable energy by providing grid stability. The projects enable the storage of renewable energy at times of peak generation and allow for the stored energy to be dispatched to the grid when wind and solar are unable to generate electricity.

Renewable Rollout

Gaw and BW are establishing Valent Energy as the Hong Kong firm, which managed $33.7 billion of global assets as of third quarter 2023, diversifies into climate tech and renewable energy related investments Down Under. The move aligns with the Australian government having committed to reducing greenhouse gas emissions by 43 percent from 2005 levels by 2030 and net zero by 2050.

Despite primarily investing in real estate, Gaw Capital has identified utility-scale battery storage systems, electric vehicle charging infrastructure and next generation long duration energy storage technology as investment initiatives.

The venture also aims to leverage BW ESS’ experience in BESS developments, with the firm owning 1.5GW of projects in the UK and Sweden, of which over 400MWh are under construction and 1GW are ready to build.

“We are excited about the establishment of Valent Energy with Gaw Capital, as it forms part of BW’s commitment to the green energy transition. By leveraging the sector expertise, industry relationships and international experience of BW ESS, Valent will be well positioned to accelerate the growth of Australia’s energy storage capacity, enabling its transition to clean energy,” said Erik Strømsø, managing director of BW Renewables and chief executive of BW ESS.

Established in 2021, BW ESS is a subsidiary of BW Group, a multinational maritime company involved in shipping, floating infrastructure, deepwater oil and gas production, and a growing portfolio of clean energy investments including batteries, solar, offshore wind and biogas.

BW Group was founded in 1955 by the late Hong Kong shipping tycoon Sir Yue-Kong Pao, who is the maternal grandfather of Douglas Woo, chairman of Hong Kong developer Wheelock & Co.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/finance/gaw-and-bw-group-launch-1-3b-aussie-energy-storage-jv/

Tags: CapitalSingapore’stechnology
Previous Post

PGIM Real Estate Appoints David Fassbender Head of Japan

Next Post

Galesburg, IL Author Publishes Adventure Novel

Frans and Liu receive outstanding paper in landscape ecology award – Michigan State University

Frans and Liu receive outstanding paper in landscape ecology award – Michigan State University

June 2, 2025
‘Amazing Worlds of Science Fiction and Science Fact’ Review: An Education in Exoplanets – WSJ

Exploring the Fascinating Realms of Science Fiction and Fact: A Journey Through Exoplanets

June 2, 2025
2-Year-Old Prodigy Joins ‘High IQ’ Club Mensa as Youngest Member Ever – ScienceAlert

Meet the 2-Year-Old Prodigy Who Just Became Mensa’s Youngest Member Ever!

June 2, 2025
Labubu Fever Ignites a Global Craze for Lifestyle and Investment – iChongqing

Labubu Fever Ignites a Global Craze for Lifestyle and Investment – iChongqing

June 2, 2025
Erin Hills ‘dominates’ Nelly Korda at U.S. Women’s Open, where she finished second – Golfweek

Nelly Korda Falls Short at U.S. Women’s Open as Erin Hills Takes Center Stage

June 2, 2025
Economy Shrank Less Than Previously Thought in First Quarter – Investopedia

Economy Shrank Less Than Previously Thought in First Quarter – Investopedia

June 2, 2025
Rising stars: Young classical musicians surging on social media – Yahoo

Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

June 2, 2025
Medicaid work rules could leave a million Californians with no health insurance – CalMatters

California’s Medicaid Work Rules: A Million Residents at Risk of Losing Health Coverage!

June 2, 2025
Texas Democrat Beto O’Rourke returns to Houston area for another town hall – Houston Public Media

Beto O’Rourke Makes a Comeback: Join Him for an Engaging Town Hall in Houston!

June 2, 2025
In Indore, Alstom’s advanced metro train and CBTC signalling technology transform urban mobility as revenue service commences – Alstom

Revolutionizing Urban Mobility: Alstom Launches Advanced Metro Train and Cutting-Edge Signalling Technology in Indore

June 2, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (659)
  • Economy (673)
  • Entertainment (21,580)
  • General (15,256)
  • Health (9,716)
  • Lifestyle (676)
  • News (22,149)
  • People (675)
  • Politics (682)
  • Science (15,894)
  • Sports (21,178)
  • Technology (15,660)
  • World (661)

Recent News

Frans and Liu receive outstanding paper in landscape ecology award – Michigan State University

Frans and Liu receive outstanding paper in landscape ecology award – Michigan State University

June 2, 2025
‘Amazing Worlds of Science Fiction and Science Fact’ Review: An Education in Exoplanets – WSJ

Exploring the Fascinating Realms of Science Fiction and Fact: A Journey Through Exoplanets

June 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version