Korea Zinc's Ark Energy Gains Approval for Major Battery Storage Project in Australia
Korea Zinc’s Australian unit secures key approval for battery project

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Korea Zinc's Australian unit, Ark Energy, has received crucial grid connection approval for its Richmond Valley battery energy storage project. Located near Myrtle Creek, the project features a 200-megawatt solar farm and a battery system with a capacity of 2,200 megawatt-hours, set to enhance energy security in Australia.
- 01Ark Energy received grid connection approval from Transgrid and the Australian Energy Market Operator.
- 02The Richmond Valley project includes a 200-megawatt solar farm and a long-duration battery system.
- 03The facility's storage capacity is equivalent to about 26,000 Tesla Model Y electric vehicles.
- 04The project aims to reduce reliance on fossil fuels and enhance energy security.
- 05Korea Zinc's share price fell by 3.88% on the Seoul stock exchange following the announcement.
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Korea Zinc, a leading non-ferrous metals manufacturer based in Seoul, announced that its Australian renewable energy subsidiary, Ark Energy, has secured essential approval for its Richmond Valley battery energy storage project. This project, located near Myrtle Creek—approximately 590 miles northeast of Canberra—combines a 200-megawatt solar farm with a long-duration battery system capable of storing 2,200 megawatt-hours of electricity and supplying up to 275 megawatts of power. The approval from transmission operator Transgrid and the Australian Energy Market Operator confirms that the project meets the requirements for connection to Australia's national electricity network. Korea Zinc emphasized the project's importance in enhancing energy security and reducing reliance on volatile fossil fuel supply chains. The company stated its commitment to long-term investments and growth strategies aimed at increasing corporate and shareholder value. Despite this positive development, Korea Zinc's share price experienced a decline of 3.88% on the Seoul bourse on the same day of the announcement.
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The project is expected to bolster Australia's energy security and support the transition to renewable energy sources.
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