AMPYR achieves Financial Close of Wellington Stage 1 BESS

SYDNEY, Australia, 8 July 2025 — AMPYR Australia (AMPYR) today announced it has achieved financial close of its 300 MW / 600 MWh Wellington Stage 1 battery energy storage system (BESS) project in regional New South Wales (NSW). Once energised in 2026, the Wellington Stage 1 BESS will support the growing demand for reliable, renewable energy across Australia while lowering energy costs for future industries.

News Article “Major new player signs contracts for first big battery project as it aims for 6 GWh of storage by 2030”

Giles Parkinson, RenewEconomy, 8 July 2025

News Article “AGP-backed AMPYR gets going on Wellington battery with $340m financing”

Sarah Thompson, Kanika Sood and Emma Rapaport, Australian Financial Review, 8 July 2025

News Article “Australia may need twice as many big batteries to make up for lost wind”

““In the next three years, we are going to make all the investment decisions that will take Australia’s grid beyond 80 per cent renewables,” Wonhas says. It might not all be fully commissioned by the end of 2030, but it will be locked in.”

Giles Parkinson, RenewEconomy, 8 July 2025