GreenPoint Energy reaches financial close on Koolunga BESS & signs long-term offtake with Gunvor Group to power Firmus AI factory operations in South Australia

GreenPointEnergy (GPE), a market-leading Australian developer and operator of renewableenergy infrastructure, today announced it has reached financial close on itsKoolunga Battery Energy Storage System (BESS), a 200 MW / 800 MWh BESS located in South Australia, alongside the executionof a bespoke long-term offtake agreement with global energy trading company,Gunvor Group.

Thisagreement is intended to provide a scalable model for future data centrecustomers as demand grows for reliable, firmed renewable power solutions.

Thestructure provides long-term revenue certainty for the Koolunga BESS whileenabling the delivery of a stable, firm power product via Gunvor Group to FirmusTechnologies for its planned AI infrastructure operations in South Australia.

Theproject is scheduled to commence operations in early 2028. Once operational,the Koolunga BESS will have a capacity of 200 MW / 800 MWh, making it one ofthe largest battery storage projects in South Australia. The project has beenawarded a Capacity Investment Scheme (CIS) contract by the AustralianGovernment, reinforcing its strategic importance in supporting grid stabilityand accelerating the energy transition. The Koolunga BESS will deliverreliable, low-cost energy, and create up to 115 local jobs.

Thispartnership represents another significant milestone in Gunvor’s Asia-Pacificgrowth strategy, as well as expanding its global energy transition portfolio.Overall, its portfolio is one of the largest in Australia, with storage in moststates in the NEM and offtakes in place for ~5 per cent of total wind generationin NSW and similar levels in Victoria.

Mahesh Reddy Indluri, Co-CEO, GreenPoint Energy, said:“Reachingfinancial close on Koolunga is a significant milestone for GreenPoint Energy. Equallyimportant is the successful execution of an innovative offtake structure thatdemonstrates the role GreenPoint Energy can play in connecting renewable energy infrastructure with the needs oflarge-scale commercial and industrial customers.”

RobyCamagong, Co-CEO, GreenPoint Energy, said: “We designed this structure forcustomers with firm load requirements, specifically data centres. As demand forreliable power continues to accelerate, particularly from AI and digitalinfrastructure, we believe this model provides a scalable framework.

“Our experienced management team understands there is no one-size-fits-all approach to renewable energy offtakes. TheKoolunga BESS reflects GreenPoint Energy’s ability to design and deliver bankableofftake arrangements that support project delivery and customer demand.”

Commenting on the agreement, David Maher, Head of APAC Power Trading &Origination, Gunvor, added: “This partnership is a key pillar of our APACstrategy, focused on delivering hedging solutions in the Australian market. Byincorporating the ESEM services highlighted in the Nelson Review, we providethe vital firming and shaping risk management tools that retailers and largeelectricity users, such as data centres, require to navigate an increasinglyvolatile power market.”

AboutGreenPoint Energy

GreenPoint Energy(GPE), a subsidiary of Equis, is ledby its founders: David Russell, Roby Camagong, and Mahesh Reddy Indluri. GPE operates one of the largest independent energytransition portfolios in the National Electricity Market. The GPE founders haveraised and managed AUD $6.1 billion of equity. This has been invested into over250 renewable energy and energy transition assets across 10 countries,including GPE and Equis Energy (now Vena Energy).

AboutGunvor Group

Gunvor Group is one of the world’s largest independentcommodities trading companies, creating logistics solutions that safely andefficiently move physical energy, power, bulk materials, and base metals fromwhere they are sourced and stored to where they are demanded most. Withstrategic investments in industrial infrastructure—upstream, terminals,refineries, power plants and storage—Gunvor further generates sustainable valueacross the global supply chain for its customers. Gunvor trades in more than 100countries with main trading hubs in Geneva, Singapore and Houston, along withother trading offices in Stamford, Dubai, London and Shanghai, supported by anetwork of more than 20 representative offices around the globe. In 2025,Gunvor generated revenue of US$144 billion trading volumes of 253 million MT ofcommodities.

For more information, visit www.GunvorGroup.com

About Firmus

Firmus Technologiesis an AI Factory Platform Company built on a simple idea: energy in andtokens out – as efficiently as possible. Vertically integrated from modelto grid, Firmus uses proprietary energy and cooling technology to buildand deliver cutting-edge AI infrastructure withscale, reliability and performance. Headquartered in Sydney,Australia, Firmus provides AI cloud services across Asia Pacific andbeyond, powered by AI factories that strengthen the grid, accelerate theadoption of renewable energy, and form the sovereign, sustainableinfrastructure on which the next era of AI will run. Follow @firmustechnologieson LinkedIn.

Formore information, visit www.firmus.co  

Media Contact:

GreenPointEnergy Media Relations

media@greenpointenergy.com.au

www.greenpointenergy.com.au

Teneo
Rhea Brennan
+61 432 493 467
rhea.brennan@teneo.com

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