Amazon Signs First-Ever Standalone Battery Tolling Agreement in East Gippsland
Amazon has made its first-ever standalone battery tolling agreement, and it's with a project in East Gippsland, Victoria, Australia. The deal involves leasing operational and financial control of the 50-megawatt (MW) Bairnsdale battery for a fixed fee to the owner, Anza Power.
Anza Power was established in January this year and is backed by I Squared Capital and its ISQ Growth Markets Infrastructure Fund II. The company has signed seven energy agreements since launching, with Amazon's deal being its first standalone battery storage tolling agreement globally.
Amazon has invested heavily in carbon-free energy projects across Australia, with an estimated $A2.8 billion spent since 2020. This includes a recent $A2.8 billion buy-up of eight utility-scale solar-battery hybrids in Victoria. The company points out that there is an estimated 7.2 terawatt-hours of surplus wind and solar energy generated in Australia in 2025, which is equivalent to powering every home in New South Wales through the evening peak for a year.
Anza Power's CEO, Carlo Frigiero, described the deal as an important milestone, highlighting the growing demand from major energy purchasers for dedicated storage solutions that support a reliable, low-carbon grid. The company plans to build on this momentum established since launching earlier this year.