CIP acquires 104 MW grid-forming BESS project from Windlab in Australia

The project has reached financial close and is moving into construction, with offtake arrangements involving Stanwell and SmartestEnergy and participation in Australia’s Capacity Investment Scheme. Grid-forming battery technology is important because it can provide system services historically delivered by synchronous generators. For renewable developers, the deal shows how storage capabilities are becoming central to bankable hybrid projects, not just an add-on.