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Coles signs landmark agreement

Coles and Origin sign landmark agreement.

Coles and Origin have signed a landmark agreement, which will see the companies co-invest in renewable energy and battery assets at up to 100 Coles supermarkets and liquor stores nationally.

Over the next three years, Coles aims to install 20 megawatts of solar panels on top of 100 stores across the country, with batteries to be installed at one third of the stores to capture and store excess renewable electricity generated on-site.

Coles Head of Energy Jane Mansfield says this important alliance will help the retailer lower emissions, reduce electricity consumption from the grid and bring down operational costs – with 20 sites to be completed by next year.

“This alliance with Origin is an important step towards achieving our 100 per cent renewable electricity target by June 2025,” she adds.

“Not only will this investment in renewables help us reduce our emissions, it will also lower our operational costs and allow us to meet more of our energy needs from our own on-site solar generation.”

Coles’ rooftop solar, batteries, and energy assets such as in-store heating, cooling and refrigeration systems will be connected to Origin’s virtual power plant to help ease pressure on the energy grid during peak periods of demand.

Solar panel installation is currently underway at six Victorian stores, with installation at all 100 Coles supermarkets, Vintage Cellars, Liquorland and First Choice Liquor Market stores expected to be completed by 2026.

Origin Zero Executive General Manager James Magill says Origin is thrilled to be working with Coles to support its transition to cleaner and smarter energy solutions.

“This is a landmark alliance between two of Australia’s leading retailers across supermarkets and energy which will see the companies co-invest in renewable energy and battery assets to help deliver greater emissions reductions for Coles,” he adds.

“This also marks Origin’s largest customer aggregation agreement providing Frequency Control Ancillary Services, allowing us to orchestrate 10 megawatts of flexible energy use across heating, cooling and refrigeration assets at select Coles stores, which helps to support stable and safe operations of the grid.”

Coles already has installed solar panels on 87 stores across the country. Other cleaner energy initiatives by Coles to help reduce emissions include electrification of gas assets, the trial of an electric delivery truck, as well as purchasing renewable electricity from wind and solar farms around the country.

For more information on Coles Group, click here.

 

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