Firmus Secures 600 MW Energy Supply Agreement in South Australia, Linked to 1.2 GW of New Renewable Generation & Battery Storage
AI-summarised brief · reviewed before publication
Firmus has secured a 12-year wholesale energy supply agreement with Gunvor Group for 600 MW of firm electricity to support its South Australian expansion. The agreement will underpin the development of 1.2 GW of new renewable generation and 1.5 GWh of new battery storage by 2032. Firmus will reduce its electricity consumption for up to 220 hours each year when wholesale prices exceed agreed thresholds, easing pressure on wholesale prices. The agreement supports Firmus' Australian Energy and Water Policies and its strategy to develop large-scale AI Factory campuses across regional Australia, representing 2.7 GW of planned capacity. This landmark agreement is a key step in Firmus' plans to bring long-term investment and skilled employment to South Australia.
💡 Why It Matters
- · The deal unlocks renewable supply and firming through a single commercial solution, demonstrating how long-term customer demand can support investment in new generation and storage.
- · It sets a precedent for models that deliver reliable and flexible supply outcomes, paving the way for similar agreements in the future.