Sosteneo completed the acquisition of the 185MW/ 370MWh Koorangie Energy Storage System from Edify Energy for $253m.

Sosteneo, an investment manager that specialises in greenfield infrastructure projects, completed the acquisition of the 185MW/ 370MWh Koorangie Energy Storage System from Edify Energy, a renewable energy development and storage investment company, for $253m. "We welcome Sosteneo as our equity partner and their faith in us. Edify delivers, and we look forward to bringing our third and largest BESS to market in short order. Our ecosystem of trusted partners is maturing and deepening with KESS. We are delighted to be delivering a ground breaking project with partners and stakeholders we have worked with on other assets including, Tesla, Shell Energy, Consolidated Power Projects, CBA, BNP Paribas, DNB, Gannawarra Shire Council, the Victorian Government and AEMO. Strong relationships are a cornerstone to the Edify team and are critical for an accelerated energy transition," John Cole, Edify Energy Founder and CEO.