Pacific Green expands Australia footprint into New South Wales with strategic land acquisition
PACIFIC GREEN TECHS (PGTK)
NASDAQ:AMEX Investor Relations:
ir.pacificgreentechnologies.com
Company Research
Source: GlobeNewswire
Sydney, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Pacific Green, a global battery energy storage company, has secured a parcel of land in Wagga Wagga, New South Wales, where it proposes to establish its next Australian energy park. The land is strategically co-located near TransGrid’s existing Wagga 330 kV substation and 16 km from the town of Wagga Wagga. A future grid connected battery energy park in this location will strengthen and support the region’s renewable energy portfolio of assets by storing excess renewable energy and discharging it during peak demand, stabilising the grid and lowering energy prices. Wagga Wagga is an area of strategic importance to the national grid as it hosts a concentration of renewable energy projects and HumeLink - one of Australia’s largest energy transmission line projects, which when built will connect renewable energy sources to the grid and put downward pressure on Australian energy prices. Today’s announcement marks Pacific Green’s entry into
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Sec Filings
- 12/12/24 - Form 8-K/A
- 12/3/24 - Form 8-K
- PGTK's page on the SEC website