IG6 signs up for green energy

One of Australia’s green energy retailers is looking at building a big battery in Collie and IG6 is planning to be one of the first customers for its renewable energy supply.

IG6 has signed a non-binding Memorandum of Understanding (MOU) with ZEN Energy with the objective of concluding binding agreements for the purchase of firmed renewable energy. The MOU lays the foundation for cooperation aimed at reaching renewable energy supply agreements for International Graphite’s downstream graphite processing plant in Collie.

This will help IG achieve its targets for low carbon emissions and facilitate rapid production expansion in the future.

ZEN Energy, whose major shareholder is leading climate change economist Professor Ross Garnaut, currently supplies the electricity needs of the South Australian Government, CSIRO’s sites in Australia’s eastern states, and twenty-five local regional councils in New South Wales.

ZEN is assessing the feasibility of building a 200MW, 600 to 800 megawatt hour battery at Collie, south of Perth, with the support of a $1 million grant from the WA Government. The battery would be around four times the size of Tesla’s big battery in South Australia.

A critical supply of green power gives International Graphite an important advantage, helping ESG and environmental objectives, as well as supporting a new supply chain that will bring jobs to Collie and opportunity to Western Australia.

Read the media announcement from Western Australia’s Minister for Regional Development.

Read the ASX Announcement.