GB Energy
GB Energy is a private Australian energy infrastructure company developing the Golden Beach Energy Storage Project, an offshore underground gas storage facility in the Gippsland Basin, Victoria, targeting first gas in 2028 and storage operations in 2029 to serve the east coast Australian energy market via the Longford Gas Hub.
- Company typePrivate
- Founded2017
- HeadquartersMelbourne, Australia
- Headcount51–100
- GTM typeB2B
- OfferingServices
What GB Energy does
GB Energy is an Australian energy infrastructure company developing the Golden Beach Energy Storage Project, an offshore underground gas storage facility located approximately 3-4 km off Golden Beach in the Gippsland Basin, Victoria. The project is designed to inject natural gas into subsurface geological formations during periods of low demand (typically summer) and withdraw gas during periods of high demand (typically winter), providing seasonal long-duration storage that cannot be matched by battery alternatives at this scale. Phase one targets approximately 19PJ+ of storage capacity and up to 375 TJ/day of withdrawal capacity, with expansion capacity in subsequent phases toward 500 TJ/day. The facility connects directly into the Victorian Transmission System and Eastern Gas Pipeline via twin 18-inch subsea pipelines, using horizontal directional drilling for the shore crossing to minimize coastal impact. The project's strategic position adjacent to the Longford Gas Hub, Victoria's principal gas supply hub, gives it direct access to the east coast Australian energy market managed by AEMO.
The company is pre-revenue and pre-construction: first gas production is targeted for winter 2028, transitioning to full storage operations by 2029, following an offshore drilling campaign planned for late 2026 and onshore/offshore construction from 2027. GB Energy's revenue model is usage-based: storage services that arbitrage summer-to-winter price differentials, security of supply contracts, and dispatchable energy sales during peak demand or renewable intermittency events. The company has secured federal and Victorian environmental approvals (EES and EPBC Act), a Compressor Station Development Licence, and an AU$32 million Australian Government loan, and has been classified as critical energy infrastructure by the Commonwealth.
The company is an unlisted private entity (GB Energy Holdings Limited, ABN 60 615 552 693) headquartered at Level 4, 90 Collins Street, Melbourne, with 51-100 employees and a board and management team drawn from Origin Energy, APLNG, BP, Carlyle Group, Goldman Sachs, JPMorgan, and GE Energy Financial Services. It serves B2B counterparties in the east coast Australian gas and electricity market, with no public customers disclosed.
GB Energy firmographics
Firmographics- Name
- GB Energy
- Legal name
- GB Energy Holdings Limited
- Website
- https://gbenergy.com.au
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- GB Energy is a private Australian energy infrastructure company developing the Golden Beach Energy Storage Project, an offshore underground gas storage facility in the Gippsland Basin, Victoria, targeting first gas in 2028 and storage operations in 2029 to serve the east coast Australian energy market via the Longford Gas Hub.
- Ownership category
- akta.pro rank
GB Energy industry classification
Industry- Product category
- Natural Gas Storage Infrastructure
- NAICS
- Natural Gas Distribution (22121)
- SIC
- Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- Geologic & Underground Energy Storage (CAES Caverns, Hydrogen Caverns, Reservoir-Based) (EUAFADAF)
- akta.pro secondary industry
- Depleted Oil & Gas Reservoir Storage (Conversion, Re-pressurization, Monitoring) (EUABAHAH)
Keywords
Where GB Energy is headquartered
LocationHeadquarters
- HQ city
- Melbourne
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
GB Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Gas Storage Services: The company generates revenue by providing gas storage services - injecting gas during periods of low demand (typically summer months) and withdrawing/producing gas during periods of high demand (typically winter). This arbitrage between low and high demand periods provides revenue. Additionally, the facility offers security of supply services and supports renewable energy integration by providing dispatchable energy.
Distribution channels1 record
Marketing channels4 records
GB Energy product offering
Product offeringCore offering
GB Energy is developing the Golden Beach Energy Storage Project in Gippsland, Victoria — an offshore gas storage facility located adjacent to the Longford Gas Hub. The project will inject natural gas into an offshore reservoir during periods of low demand (summer) and withdraw gas during periods of peak demand (winter), providing approximately 19 PJ of storage capacity and up to 375 TJ per day of withdrawal capacity. The facility supplies critical gas storage and dispatchable energy infrastructure for Australia's east coast energy market, targeting first gas production in winter 2028 and full storage operations by 2029.
Product overview
GB Energy operates as a single-product company focused on the Golden Beach Energy Storage Project. The project is an offshore gas storage facility in Victoria, Australia, designed to balance supply and demand in the eastern Australian energy market by storing gas during low-demand periods (summer) and releasing it during high-demand periods (winter). The project targets first gas production in winter 2028 and transitions to storage operations by 2029, with capacity of approximately 19 PJ in its first phase.
Differentiator
Problem solved
Functional benefit
Products and services
- Golden Beach Energy Storage Project An offshore gas supply and energy storage project in Gippsland, Victoria, strategically located adjacent to the Longford Gas Hub. It enables natural gas injection during low-demand periods and withdrawal during peak-demand periods, delivering up to 375 TJ/day of dispatchable energy and approximately 19 PJ of storage capacity in the first phase for the east coast Australian energy market.
Quantifiable outcome
- Addresses projected gas supply shortfalls in southeastern Australia later in the decade
- +3 more outcomes
Companies that use GB Energy
Customer profileSegments1 record
Ideal customer profiles1 record
GB Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
GB Energy partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
GB Energy competitors and assessment
Company assessmentDirect peers
- Uniper: European energy company with substantial underground gas storage operations in Germany and the UK. Comparable as a merchant underground-storage operator providing seasonal flexibility and security of supply.
- Snam: Italian gas system operator that owns and operates one of Europe's largest underground gas storage portfolios alongside its transmission network. Functionally similar as an integrated transmission-and-storage operator.
- APA Group: Australia's largest natural gas infrastructure business, owning and operating gas transmission, distribution, and storage assets across the east-coast market. Directly comparable as the incumbent operator of the pipeline network that Golden Beach will connect into at Longford.
- Storengy: Engie subsidiary and Europe's leading underground gas storage operator, managing depleted-reservoir and salt-cavern storage sites. Closest functional analogue to GB Energy's depleted-reservoir storage model.
- Enagás: Spanish gas system operator with underground storage assets (including depleted reservoirs) tied to its transmission grid. Directly comparable as a regulated storage-plus-transmission infrastructure operator.
Broad incumbents
- Origin Energy: Australian integrated energy company with significant gas production, APLNG exposure, and gas-fired generation. Multiple Origin alumni on GB Energy's board indicate deep operational and commercial overlap with the east-coast gas value chain.
- Woodside Energy: Australia's largest independent oil and gas producer with extensive offshore operating experience in the Gippsland/Bass Basin region. Comparable as a broad incumbent operating offshore gas infrastructure proximate to GB Energy's site.
- Santos: Major Australian oil and gas producer with east-coast gas operations and a pipeline/storage portfolio. Overlaps with GB Energy in serving south-east Australian gas demand and operating in the same regulatory environment.
Emerging players
- Alinta Energy: Australian gas-powered generation and retail energy business with merchant gas storage interests. CCO Peter Fennessy's prior role at Alinta reinforces the comparability as a customer-side counterparty for storage services.
- Viva Energy: Operator of the Geelong LNG import terminal and downstream fuel infrastructure in Victoria. Comparable as a participant in the same south-east Australian gas-supply ecosystem, with potential overlap as both competitor and customer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
GB Energy social profiles
Digital presenceGB Energy compliance and trust
Trust signalCompliance3 records
GB Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
GB Energy leadership team
Management profileNumber of profiles
Profiles10 records
GB Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GB Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GB Energy
What does GB Energy do?
GB Energy is developing the Golden Beach Energy Storage Project in Gippsland, Victoria — an offshore gas storage facility located adjacent to the Longford Gas Hub. The project will inject natural gas into an offshore reservoir during periods of low demand (summer) and withdraw gas during periods of peak demand (winter), providing approximately 19 PJ of storage capacity and up to 375 TJ per day of withdrawal capacity. The facility supplies critical gas storage and dispatchable energy infrastructure for Australia's east coast energy market, targeting first gas production in winter 2028 and full storage operations by 2029.
Is GB Energy a public or private company?
GB Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was GB Energy founded?
GB Energy was founded in 2017. It employs 51 to 100 people.
Where is GB Energy based?
GB Energy is headquartered in Melbourne, Australia, in the Oceania region.
How does GB Energy make money?
One revenue line is on record: gas Storage Services.
Who are GB Energy's main competitors?
Direct peers on record are Uniper, Snam, APA Group, Storengy and Enagás. Broad incumbents are Origin Energy, Woodside Energy and Santos. Emerging players are Alinta Energy and Viva Energy.
Does GB Energy have an API?
No public API is recorded for GB Energy.
What industry is GB Energy in?
GB Energy's product category is Natural Gas Storage Infrastructure. Its primary akta.pro industry code is EUAFADAF, Geologic & Underground Energy Storage (CAES Caverns, Hydrogen Caverns, Reservoir-Based), with a secondary code of EUABAHAH, Depleted Oil & Gas Reservoir Storage (Conversion, Re-pressurization, Monitoring). Its NAICS code is 22121 and its SIC code is 4923.