The Lyon Group is an independently owned group of companies founded in 2003 which focuses on solar battery power station development, ownership and operation. 

Lyon’s energy development companies pursue a project design philosophy based on the premise that all new electricity generation must meet power system requirements of a modern and stable electricity grid and be capable of providing commercial returns to investors.

This design philosophy is pursued with our international partners, which include JERA, one of the world’s major utilities and the biggest buyer of gas globally.

Lyon’s development pipeline includes early and advanced stage solar battery power station developments in a number of countries. Our projects deliver dispatchable clean power and valuable grid services, which contrasts with traditional standalone renewable projects.

With full integration of solar PV with four hour duration battery storage, Lyon is at the global forefront of moving renewable energy projects from their current state (i.e. dispatching unpredictable and unstable energy to the grid) to an advanced and usable form of energy that provides predictable, dispatchable, firm and on-call energy. 

Lyon’s developments are the only fully integrated grid connected solar battery power station developments currently available and are an important step forward for the industry. Among other things, Lyon’s developments allow for the replacement of gas peakers with solar peakers, providing grid stabilisation and customer pricing benefits.

To provide a clear pathway to complete the sale and financial close of three of Lyon’s most advanced developments, known as Cape York, Riverland and Nowingi, and to prevent continued destabilisation by an activist minority shareholder of one of Lyon’s companies, on 6 May 2019 Lyon appointed Deloitte as voluntary administrator to one of its development companies, Lyon Infrastructure Investments 1 Pty Ltd (and its subsidiaries). The appointment of Deloitte has allowed the sale process to continue without further disruption.

Lyon notes recent media comments regarding the sale process and the strong global interest in the projects. Questions in relation to the sale process should be directed to Deloitte (details below).

In relation to the Lyon Group’s ongoing activities, Lyon makes the following comments.

Lyon conceived, designed and developed the Cape York, Nowingi and Riverland solar battery power stations to be the most flexible, fastest responding generators in Australia’s national electricity market. They have been designed to utilise four hour duration battery energy storage systems to dispatch firm, clean energy through a single connection point, using a single power plant controller.

The design philosophy underpinning Lyon’s development is that new generation plant should meet power system security and reliability requirements (see the Australian Energy Market Operator’s Power System Requirements[1]), and that projects need to offset the risks associated with traditional renewables and provide commercial returns to investors.

Truly integrated solar battery power stations deliver clean energy that makes grids stronger, solar power when people need it, new competition in peaking generation, and de-risked investment in renewable energy. Unlike traditional standalone solar, Lyon’s developments deliver multiple market services and revenue streams. Lyon’s design philosophy ensures its developments also address the connection, congestion and marginal loss factor risks that are undermining investment in traditional standalone solar.

Alongside other global corporations, the primary development investor in Lyon’s developments has been JERA, one the world’s biggest utilities and the world’s biggest buyer of natural gas. JERA recognised Lyon as “the world’s leading independent developer of integrated utility-scale battery storage and renewable generation projects” because Lyon developed and sold Australia’s first grid connected large-scale solar PV and battery storage project, and because of the uniquely valuable and globally applicable nature of Lyon’s projects. [2] 

The broader Lyon Group is unaffected by the administration process. The entities put into administration are quarantined from the group.

Lyon Group is developing a number of other projects, including other utility-scale integrated solar battery power stations, with JERA continuing as Lyon’s co-development partner, and under the Lyon’s Asia Pacific Collaboration Agreement with JERA and Fluence.

Lyon views its development of integrated solar battery power stations with JERA as an important step toward the ability to produce renewable hydrogen at a scale necessary for material substitution of bulk carbon intensive energy. Integrated solar battery power stations are key to the development of a clean hydrogen export industry in Australia. Intermittent electricity is no more like to power a large scale electrolysis plant than it is to power a big mine. 24/7 clean power is key.

Enquiries regarding the Lyon Group should be directed to Luke Brown, +61 (0) 403 805 310, lbrown@lyonasia.com.au

Enquiries regarding the voluntary administration should be directed to Deloitte’s Tony Ritchie on 0407 002 704 or media@deloitte.com.au (media), or Lea Kuflik on (07) 3308 7150 (otherwise).

[1] https://www.aemo.com.au/-/media/Files/Electricity/NEM/Security_and_Reliability/Power-system-requirements.pdf

[2] https://www.jera.co.jp/english/information/20180529_26

© 2019 Lyon Group

Contact Us

info@lyonasia.com.au
+612 8098 0213

 

Media Contact

Luke Brown
lbrown@lyonasia.com.au
+61 403 805 310