Funds ZEN Energy to Add Second Largest Battery to South Australia’s Electricity Network

Stonepeak and Peak Energys commitment to ZEN will enable us to continue to bring more renewable assets to the grid in South Australia.Darren Keogh, Senior Managing Director at Stonepeak, said, ZEN has built a strong business through a combination of long-term customer contracts and renewable PPA offtake agreements and we are excited by the Companys growth trajectory and potential impact on the energy transition in Australia. We look forward to partnering with ZEN as they continue working on Templers BESS and building out their pipeline.Gavin Adda, Chief Executive Officer of Peak Energy, said, Peak Energy is delighted to be working with ZEN to bring Templers BESS towards commercial operations and support the development of future projects in the region.A 1.5\xb0C world for everyone. ZEN is Australias only electricity retailer to have a science-based emissions reduction plan in line with limiting global heating by 1.5\xb0C this decade. We form long-term and sustainable partnerships, delivering our plan in a way that is sensitive to the needs of Australias First Peoples of nature, and of local communities. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns.