Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
    DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
    • News

  • Stakk Secures T-Mobile Contract to Power Super App Expansion
    Stakk Secures T-Mobile Contract to Power Super App Expansion
    • News

  • Medibank Backs Emyria with Landmark Depression Care Deal
    Medibank Backs Emyria with Landmark Depression Care Deal
    • News

  • NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
    NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
    • News

  • BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
    BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
    • News

  • Harris Technology eyes profitability as refurbished tech sales surge
    Harris Technology eyes profitability as refurbished tech sales surge
    • News

  • QIC Fund Backs Ark Mines with $4.5m to Accelerate Sandy Mitchell Development
    • News

  • Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
    Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
    • News

  • FBR’s tech could help reduce housing construction-related cost pressures
    FBR’s tech could help reduce housing construction-related cost pressures
    • News

  • Atomo Locks in US$410K Pascal Order as FebriDx Demand Accelerates in the US
    Atomo Locks in US$410K Pascal Order as FebriDx Demand Accelerates in the US
    • News

SCEE expands role in collie battery project with $50M switchyard award

  • In News
  • July 5, 2024
  • Sidra Surmed
SCEE expands role in collie battery project with $50M switchyard award

With the global emergence of renewable resources, large-scale battery storage projects are playing a crucial role in enabling a sustainable future. Syncing with this commitment, Southern Cross Electrical Engineering’s (ASX: SXE) subsidiary SCEE Electrical, has been awarded a significant expansion of its role in the Collie Battery Energy Storage System (CBESS 1) project in Western Australia.

This expansion is a result of a contract variation awarded by Synergy, valued at approximately $50 million, adds the construction of the 330kV Switchyard to SCEE Electrical’s existing responsibilities under the Balance of Plant contract for CBESS 1 which was first announced on May 6, 2024. SCEE Electrical’s work will include a comprehensive range of tasks, including commissioning of critical equipment like transformers and circuit breakers and an overhead installation of line gantries. 

To facilitate seamless connection to the Western Power network, this project scope includes an integration of a dedicated 330kV control room and a communications and SCADA system. Projected to complete in the second quarter of CY25 and this is a step forward in Western Australia’s shift to shape a sustainable landscape. 

SCEE Group Managing Director Graeme Dunn said “I am very pleased that Synergy has awarded us this further package of work at what will eventually be one of the largest battery energy storage systems in Australia.”

“This brings the total value of work for us on this project to approximately $210m already, and I note there are many further battery projects to come here in Western Australia and in the rest of the country to support Australia reaching its net zero emissions targets.”

In May 2024, SCEE aimed at expanding its operational capabilities by acquiring MDE Group for $10.55 million. Founded in 2006 MDE, a Sydney-based company specialises in communications, data, and electrical services for construction projects across various sectors including commercial developments and data centres. 

When acquired, MDE was set to deliver an FY24 revenue of $20 million and a normalised EBIT of about $3 million. In FY25, SCEE expects to be able to lift MDE’s EBIT to at least $5 million, supported by the current order book and near-term data centre opportunities, including projects recently secured by SCEE. 

For the Half Year ended 31 December 2023, SCEE reported revenue of $255.6 million which remained flat compared to the previous corresponding Half Year. Similarly net profit after tax of $9.6m was also flat on the previous corresponding period. 

Of its three core divisions – Infrastructure, Commercial and Resources – Infrastructure showed the biggest revenue gain over the period to generate $103.8m for the Half Year which was up $35m from $68.8m. However, these gains were offset by declines in Commercial down $3.6m to $78.9m and Resources down $31.3m to $72.8m. 

As of December 2023, SCEE’s cash balance stood at $65.0 m, down from $77.7 m at 30 June 2023 and the Company remains debt-free.

  • About
  • Latest Posts
Sidra Surmed
Sidra is a Business Writer with The Sentiment
Latest posts by Sidra Surmed (see all)
  • Interest in captioning tech sees jump in earnings for AI-Media - August 29, 2024
  • Despite construction industry challenges, Duratec delivers earnings growth - August 28, 2024
  • AI-powered road safety solutions pave the way for Acusensus revenue bump - August 27, 2024
  •  
  •  
  •  
  •  
  • asx sxe
  • CBESS
  • Collie Battery Energy Storage System
  • Graeme Dunn
  • MDE Group
  • renewables
  • scee group
  • News

Leave a Comment

You must be logged in to post a comment.

1 Comment

  • Shraddha13
    March 19, 2025, 8:54 pm

    Thank you for sharing! To explore further
    https://www.360iresearch.com/library/intelligence/large-scale-energy-storage-system

    Reply
  • About
  • Latest Posts
Sidra Surmed
Sidra is a Business Writer with The Sentiment
Latest posts by Sidra Surmed (see all)
  • Interest in captioning tech sees jump in earnings for AI-Media - August 29, 2024
  • Despite construction industry challenges, Duratec delivers earnings growth - August 28, 2024
  • AI-powered road safety solutions pave the way for Acusensus revenue bump - August 27, 2024

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Sidra Surmed
Sidra is a Business Writer with The Sentiment
Latest posts by Sidra Surmed (see all)
  • Interest in captioning tech sees jump in earnings for AI-Media - August 29, 2024
  • Despite construction industry challenges, Duratec delivers earnings growth - August 28, 2024
  • AI-powered road safety solutions pave the way for Acusensus revenue bump - August 27, 2024
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.