Wire · technology
Ark Energy locks in AU$1.3 billion for 2.2GWh solar-plus-storage site in New South Wales, Australia
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Fusion42 · 27 July 2026 · Fusion42 review
Ark Energy secured AU$1.3 billion funding for its 2.2GWh Richmond Valley solar-plus-storage project in New South Wales, targeting financial close in September 2026 and operations by January 2029. Separately, Quinbrook submitted a 150MW solar-plus-storage project in Queensland for federal environmental assessment to supply a new polysilicon-to-silicon manufacturing campus.
This Wire brief sits within Fusion42's coverage of Climate Tech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur reasons over.
◆ ◆ The Wire takeaway
You can now finance 2-3GWh storage projects at scale in Australia without corporate offtake — Richmond Valley proved grid-forming BESS with LTESA alone carries AU$1.3bn at commercial rates. The playbook is repeatable and the queue is visible.
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