Capacity investment secured for the Reeves Plains Battery Project

We’re celebrating a new investment milestone for the Reeves Plains Battery Project that will help deliver for South Australia’s energy future.

With a new Capacity Investment Scheme Agreement in place for Stage 1 of the project we'll be guided by several commitments, including:

• co‑designing a benefit sharing framework with council and local representatives, backed by a $1,125,000 Community Benefit Sharing Fund, to support community‑led projects and initiatives
• investment in local content: $88 million during development and construction (including $2.2 million for local steel) as well as $18 million during operations
• growing First Nations participation in contracts, jobs and training, backed by a $1,125,000 First Nations Benefit Fund
• delivering against our Supplier Engagement Plan and invest close to $3.9 million in contracts with First Nations businesses
• prioritising suppliers with strong environmental credentials
• reporting our social value each year to track the total invested through the local region (jobs, procurement, training, and community investment).

Thank you to our team, partners and community stakeholders who helped us reach this important milestone. Next, we focus on delivery – together!