New York investment giant backs Zen Energy in $200m big battery play

New York-headquartered Stonepeak is backing Zen Energy’s $200 million “big battery” in South Australia, with a debt package locked in alongside French bank Natixis.

Zen, a renewable energy retailing company established in 2004, expects the battery at Templers, about 60 kilometres north of Adelaide, to be running by early 2025. Zen said financing was finalised and construction would start.