The landmark agreement will support a 50 MW / 200 MWh battery energy storage system in Victoria and marks Anza’s seventh clean energy offtake since launching in January 2026.

Anza Power, the next-generation independent power producer launched by I Squared Capital in January 2026, has signed a tolling agreement with Amazon Australia for the Bairnsdale Battery Energy Storage System in East Gippsland, Victoria. The agreement represents Amazon’s first standalone battery storage tolling agreement in Asia Pacific and a first-of-its-kind arrangement in Australia for a non-energy business. The Bairnsdale system will connect directly to the electricity grid as an independent asset, rather than operating alongside a solar or wind project.

With 50 MW of capacity and 200 MWh of energy storage, the project is designed to store electricity and dispatch it during periods of peak demand. This will help support regional grid reliability, improve energy flexibility, and enable greater integration of renewable generation into Australia’s National Electricity Market.

I Squared established Anza with a USD $300 million commitment to develop reliable and sustainable energy solutions across Australia and New Zealand. The platform was purpose-built to address the dual challenge of accelerating decarbonization while maintaining the reliable, round-the-clock power required by commercial and industrial customers. Its strategy combines renewable generation, battery storage, and flexible power solutions within a single, scaled platform.

The Bairnsdale agreement demonstrates that strategy in action. It builds on Anza’s existing relationship with Amazon, following five solar-plus-battery power purchase agreements announced in April 2026, and follows the platform’s first New Zealand offtake agreement with Fonterra. Anza has now signed seven clean energy offtake agreements since its launch.

Anza also benefits from I Squared’s broader Asia-Pacific energy platform and experience developing, financing, constructing, and operating renewable generation and utility-scale storage assets across the region.

Read the full announcement >

About Anza Power
Anza Power is a renewable energy developer, owner and operator delivering integrated energy solutions across Australia and New Zealand. Established in January 2026, the company develops, builds and operates a growing portfolio of renewable generation, natural gas and battery energy storage assets, providing reliable, flexible and lower-carbon power solutions that support businesses, communities and the broader energy transition. Backed by I Squared Capital, one of the world’s leading independent infrastructure investors, Anza combines deep local development expertise with long-term capital and global operational capabilities. Its portfolio comprises more than 1GW of solar and battery energy storage capacity, with a substantial and growing development pipeline. Learn more at www.anzapower.com.

About I Squared Capital
I Squared Capital is a leading independent global infrastructure investor dedicated to the mid-market, managing over $60 billion in assets. Founded in 2012, I Squared has evolved into one of the most diverse infrastructure investors in the world, with investments across power & utilities; transportation & logistics; digital infrastructure; environmental infrastructure; and social infrastructure, providing essential services to millions of people worldwide. Today, the portfolio includes over 100 companies operating in more than 115 countries. Headquartered in Miami, the firm has offices in Abu Dhabi, London, Munich, New Delhi, São Paulo, Singapore, Sydney and Taipei. Learn more at www.isquaredcapital.com.

Media Contacts

I Squared Capital
Dominic McMullan / Sofie Brewis
info@isquaredcapital.com

Disclaimers

This document does not constitute advice or a recommendation or offer to sell or a solicitation to deal in any security or financial product. It is provided for information purposes only. Investing involves risk, loss of principal is possible. Specific investments described herein do not represent all investment decisions made by ISQ. The reader should not assume that investment decisions identified and discussed were or will be profitable. Specific investment advice references provided herein are for illustrative purposes only and are not necessarily representative of investments that will be made in the future.