Pacific Green flags more battery sales after $460m Palisade deal

Angela Macdonald-SmithSenior resources writer

Feb 21, 2025 – 1.53pm

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US-based battery developer Pacific Green Technologies envisages a series of upcoming transactions to sell large-scale projects in Australia after striking a $US293 million ($460 million) deal with Palisade Investment Partners to sell its most advanced project here.

Pacific Green’s chief executive in Australia, Joel Alexander, said he expected two more Australian battery projects, in South Australia and Victoria, to reach financial close this year.

Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.