Press Release

“We are very happy about this important milestone for ACE Power and the profound impact their collaboration with OGEO will have on advancing the energy transition in Australia and contributing to global sustainability efforts. This partnership underscores our shared mission to drive the shift towards a greener future.”

Jan Krüger, Managing Director at Pelion Green Future GmbH

Pelion Green Future’s development partner ACE Power signed a Joint Development Agreement with OEGO, the clean energy arm of the Japanese energy giant Osaka Gas to develop solar and battery projects with a total capacity of more than 500 MW in Australia.

ACE Power has entered into a strategic partnership with OGEO, a subsidiary of Osaka Gas, a leading global gas and power company to jointly develop a portfolio of utility-scale solar and battery projects with a total capacity of more than 500MW spinning across New South Wales and Queensland, Australia.

The joint development activities, known as Project Genesis, will initially prioritize the development of the solar and storage portfolio. Furthermore, the agreement allows both ACE Power and OGEO to incorporate additional projects into their development pipeline, fostering the growth of sustainable energy infrastructure in Australia.

“We’re delighted to announce our new partnership with OGEO, which is an exciting milestone for ACE Power. This partnership underscores ACE’s long-term commitment to working alongside local communities in these key regions of Queensland and New South Wales. We look forward to developing these projects with OGEO and bringing them towards construction, whilst contributing to both OGEO’s and Australia’s net zero targets.” said Andy Scullion, Founder and Managing Director of ACE.

About Pelion Green Future Pelion Green Future GmbH is an independent investment holding company with offices in Munich and New York. Pelion invests in companies and entrepreneurs in the fields of renewable energies, clean technologies and climate-relevant solutions. As a privately funded investment platform, it takes a long-term view. Pelion acts as a capital provider and sparring partner and supports partner companies with networking and hands-on support. Learn more

About ACE Power (Australian Clean Energy) ACE is headquartered in Manly, NSW and has grown to become one of Australia’s largest independent renewable energy developers, with a focus on onshore wind, solar and battery storage. ACE’s diverse team of professionals are accelerating the transition of Australia’s electricity network to clean, reliable energy. Learn more

About OEGO (Osaka Gas Energy Oceania Pty Ltd) OGEO is an Australian company that owns energy infrastructure and renewable investments within Australia and is a subsidiary of Osaka Gas. OGEO strives to contribute to achieving a low carbon/carbon neutral society by developing and investing in renewables projects. Learn more