Strike Energy (ASX:STX) receives significant network access quantity and capacity price confirmation

Strike Energy Limited (Strike - ASX: STX) has been awarded the full 85 MWs of Reserve Capacity Credits and its requested Network Access Quantity by the Australian Energy Market Operator (AEMO) for its proposed fully integrated 85 MW peaking gas power station in Western Australia. AEMO has published the price for capacity credits in the 2026 capacity year of $216,092 per MW per year, providing a guaranteed minimum capacity revenue stream in the first year of the project of over $18 million. These awards and confirmation of price are significant de-risking events as the project proceeds towards its Final Investment Decision in November 2024.

Strike Energy's Managing Director and CEO comments on the significance of the awards

Today's awards confirm the need and requirement for Strike's 85 MW peaking gas power station at the northern end of the SWIS to firm the region's vast renewable energy. This project marks the next leg of Strike's gas development and decarbonisation strategy and demonstrates how Strike is using its gas endowment for a positive impact in Western Australia's energy transition.

Summary of Strike Energy's network access quantity and capacity price confirmation

Strike Energy (ASX:STX) has been awarded the full 85 MWs of Reserve Capacity Credits and its requested Network Access Quantity by the Australian Energy Market Operator (AEMO) for its proposed fully integrated 85 MW peaking gas power station in Western Australia. The published price for capacity credits in the 2026 capacity year of $216,092 per MW per year provides a guaranteed minimum capacity revenue stream in the first year of the project of over $18 million. These awards and confirmation of price are significant de-risking events as the project proceeds towards its Final Investment Decision in November 2024. The project marks the next leg of Strike's gas development and decarbonisation strategy, demonstrating the company's commitment to making a positive impact in Western Australia's energy transition.