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Pilot Energy Limited (ASX:PGY)

ALERT: Price-sensitive ASX Announcement for PGY
Current share price for PGY : $0.054 0.049 (980%)+
Announcement
Release
6 Jan 2026 9:36AM
Price at Release
$0.005
Full Release
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Summary
Pilot Energy Limited (ASX:PGY) has entered into a binding Heads of Agreement with SN Energy Australia Pty Ltd for the joint development of a Hybrid Solar Battery Energy Storage System (BESS) and a data centre project at the Three Springs solar development site. The agreement includes SN Energy paying $10.75 million, including land acquisition and development costs. The project, initially designated as a standalone solar project, will now include a combined battery and solar component to meet firmed renewable power market requirements. A proposed 50MW data centre is also part of the plans, offering flexibility as a behind-the-meter customer. The definitive Joint Development Agreement is expected by early to mid-February 2026, subject to customary conditions. Additionally, Pilot Energy has secured a $500,000 short-term unsecured loan from existing shareholders to support the project.
Key Points
  • Pilot Energy Limited entered a binding Heads of Agreement with SN Energy.
  • Joint development of Hybrid Solar BESS and data centre at Three Springs.
  • $10.75 million payment from SN Energy, including land acquisition.
  • Project includes combined battery and solar to meet renewable power market needs.
  • Proposed 50MW data centre as a behind-the-meter customer.
  • Agreement expected to be finalized by early to mid-February 2026.
  • Pilot Energy secured a $500,000 short-term loan from shareholders.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.