What Ark Energy does

Ark Energy is an Australian renewable energy developer and wholly-owned subsidiary of Korea Zinc Co. Ltd., the world's largest zinc, lead, and silver producer. Founded in 2021 and headquartered in Townsville, Queensland, the company develops utility-scale wind, solar, battery energy storage, and green hydrogen projects across Australia. Its portfolio spans approximately 7 GW across 18 projects, with flagship hubs including the $2.5B Boomer Green Energy Hub (up to 146 turbines) and the $7.5B Collinsville Green Energy Hub (268 turbines, ~3,000 MW). Operating assets include the MacIntyre Wind Farm (30% stake with ACCIONA Energia, first turbines grid-connected October 2024), the Sun Metals Solar Farm (121 MW), and smaller remote-community solar installations (TKLN sites, Uterne, Yulara). Technology assets include PEM electrolyser technology for green hydrogen, CloudCAM solar forecasting, Grid Stability Systems, Battery Energy Storage Systems (BESS), and grid-forming inverter technology enabling off-grid and microgrid applications.

Ark Energy's business model combines long-term Power Purchase Agreements (10-25 years) with government utilities and industrial customers, project ownership and electricity sales, green hydrogen production and sale to industrial decarbonisation customers, and government grant funding from bodies such as ARENA and CEFC. Key customers include Power and Water Corporation, Territory Generation, Voyages Indigenous Tourism Australia (Ayers Rock Resort), Sun Metals Zinc Refinery (a Korea Zinc sister company), and Townsville Logistics. The company pursues an enterprise field-sales motion centred on direct engagement with government utilities, mining and metals companies, and Indigenous communities, supplemented by community consultation events and groundbreaking ceremonies. Vertical integration with Korea Zinc, Sun Metals, and Townsville Logistics provides guaranteed industrial offtake for green hydrogen and a captive decarbonisation demand pipeline that distinguishes Ark Energy from standalone renewable developers.

The company's go-to-market is anchored on multi-decade infrastructure contracts, project-by-project negotiated pricing, and a deep network of strategic and financial partnerships including Hanwha Impact and SK Gas (for the Han-Ho H2 Hub export-scale hydrogen project), ACCIONA Energia (MacIntyre Wind Farm JV), and Australian government agencies.

Name

Ark Energy

Legal name

Ark Energy

Website

https://arkenergy.com.au

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Ark Energy is an Australian renewable energy developer and wholly-owned subsidiary of Korea Zinc, developing utility-scale wind, solar, battery storage, and green hydrogen projects across Australia with a ~7 GW pipeline for utilities, mining companies, and Korea Zinc group affiliates.

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage) (EUAEAEAE), Repowering, Augmentation & Retrofit Integration (Capacity Expansion) (EUAEAEAL), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy development
• Wind power generation
• Solar energy projects
• Green hydrogen production
• Battery energy storage

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Power Purchase Agreements (PPAs): Long-term power purchase agreements with government utilities and industrial customers providing contracted revenue streams over 10-25 year terms
2. Project Ownership and Operation: Ownership and operation of renewable energy generation assets generating electricity sales revenue
3. Green Hydrogen Production and Sales: Production and sale of green hydrogen to industrial customers and transport operators for decarbonization applications
4. Government Grants and Funding: Funding support from government bodies such as ARENA for project development and demonstration

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Ark Energy develops, owns, and operates utility-scale renewable energy projects across Australia, including wind farms, solar farms, battery energy storage systems, and green hydrogen production facilities. The company has approximately 7 gigawatts of projects in its development pipeline, supplying electricity and hydrogen to government utilities and industrial customers through long-term power purchase agreements.

Product overview

Ark Energy is a renewable energy development company offering a portfolio of large-scale clean energy infrastructure projects across Australia. The company's product portfolio includes wind farms (Bowmans Creek, Boomer Green Energy Hub, Collinsville Green Energy Hub, MacIntyre, Burrendong, St Patricks Plains, Hellyer, Guildford, Specimen Hill), solar farms (Richmond Valley, Sun Metals, Uterne, Yulara, TKLN), battery energy storage systems (Richmond Valley BESS, Bowmans Creek BESS), and green hydrogen facilities (SunHQ Hydrogen Hub, Han-Ho H2 Hub). Projects range from operating assets to development-stage developments spanning multiple Australian states, with total development pipeline of approximately 7 gigawatts.

Differentiator

Problem solved

Functional benefit

Brands

• SunHQ Hydrogen Hub: Green hydrogen production and refuelling facility in Townsville, Queensland - Stage 1 includes 1 MW PEM electrolyser
• TKLN Solar
• Richmond Valley Solar Farm & BESS

Products and services

• Richmond Valley Solar Farm & BESS A large-scale solar-plus-storage project in NSW featuring up to 435 MW solar PV and up to 475 MW / 3,148 MWh battery energy storage system near Rappville, enabling solar energy dispatch during peak demand and providing grid stabilisation services.
• Bowmans Creek Wind Farm A wind farm development in NSW with Stage 1 featuring 54 wind turbines and battery energy storage system with 250 MW power capacity and up to 2,000 MWh storage over 8 hours, located near Muswellbrook in the Hunter-Central Coast Renewable Energy Zone.
• SunHQ Hydrogen Hub A green hydrogen production and refuelling facility in Townsville, Queensland featuring a 1 MW PEM electrolyser producing renewable hydrogen from solar energy, with capacity of 155 tonnes per annum for powering fuel cell electric trucks.
• Boomer Green Energy Hub A large-scale wind and solar project in Queensland near Marlborough with up to 146 wind turbines, representing approximately 1,000 MW capacity with a development value of $2.5 billion.
• Collinsville Green Energy Hub A major renewable energy project in Queensland featuring 268 wind turbines and battery storage, with projected capacity of 3,000 MW and a development value of $7.5 billion.
• MacIntyre Wind Farm A wind farm in southwest Queensland developed with ACCIONA Energia, where Ark Energy holds 30% ownership, with first 27 wind turbines connected to the grid in October 2024.
• Sun Metals Solar Farm A 121 MW solar farm in Townsville, Queensland owned by the Korea Zinc Group, part of the Sun Metals Green Industrial Precinct.
• Han-Ho H2 Hub An export-scale green hydrogen project in North Queensland led by the Han-Ho H2 consortium targeting up to 1.8 million tonnes of green ammonia per annum export to Korea by 2030, currently in feasibility stage.
• Uterne Solar Power Station The largest solar power station in Alice Springs, NT with total capacity of 4.1 MW (1 MW Uterne I plus 3.1 MW Uterne II expansion), featuring SunPower tracking panels.
• Yulara Solar Power Project A 1.8 MW off-grid solar power project near Uluru/Ayers Rock powering Ayers Rock Resort, providing approximately 15% of average electricity demand through an availability leasing model.
• TKLN Solar (Ti Tree, Kalkarindji, Lake Nash) Three remote Aboriginal community solar projects in the Northern Territory with combined capacity of 1 MW, providing high penetration solar power to diesel grids with battery backup Grid Stability Systems.

Quantifiable outcome

• 7 GW in renewable energy project development pipeline
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• Sun MetalscoreOthersSister company operating zinc refinery that will serve as anchor customer for green hydrogen supply, providing guaranteed industrial offtake for decarbonization of zinc production.
• Townsville LogisticscoreOthersSister company operating transport fleet that will utilize green hydrogen refueling infrastructure, providing heavy transport decarbonization use case for Ark Energy's hydrogen business.
• Hanwha ImpactflagshipStrategic or Co-development PartnerStrategic partner for Han-Ho H2 Hub green hydrogen project development, combining Hanwha's hydrogen expertise with Ark Energy's project development capabilities.
• SK GasflagshipStrategic or Co-development PartnerStrategic partner for Han-Ho H2 Hub green hydrogen project, contributing hydrogen infrastructure expertise and market access for green hydrogen distribution.
• ACCIONA EnergiaflagshipStrategic or Co-development PartnerJoint venture partner for MacIntyre Wind Farm project, combining ACCIONA's wind development expertise with Ark Energy's project pipeline and local market knowledge.
• Elecnor AustraliaminorImplementation/ SI/ Consulting PartnerEngineering, procurement and construction contractor providing Early Contractor Involvement (ECI) agreement for Richmond Valley renewable energy project development.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Neoen: Independent renewable energy producer with a large Australian portfolio including wind, solar, and storage assets; comparable business model as a pure-play renewables IPP selling under long-term PPAs.
• Iberdrola Australia: Australian arm of global utility Iberdrola (formerly Infigen Energy), one of the largest wind energy operators and developers in Australia with operating wind farms and a multi-GW pipeline; directly comparable to Ark Energy as a utility-scale wind/solar IPP.
• Fortescue Future Industries: Andrew Forrest-backed green hydrogen and renewable energy developer with major Australian projects targeting green ammonia/iron export; comparable as a large-scale green hydrogen and renewable energy project developer leveraging captive industrial demand.
• Lightsource bp: Global utility-scale solar developer with Australian operations developing multi-hundred-MW solar farms; comparable as a focused solar EPC/developer targeting PPAs with industrial customers and utilities.
• ACCIONA Energía: Global renewable energy developer and IPP and Ark Energy's joint venture partner on MacIntyre Wind Farm; directly comparable as a utility-scale wind/solar/storage developer pursuing similar Australian and global projects.
• Squadron Energy: Australian renewable energy developer owned by Tattarang/Andrew Forrest with a large wind, solar, hydrogen and ammonia pipeline including the Upper Hunter Energy Hub; highly comparable as an Australian utility-scale renewables developer with hydrogen ambitions.

Broad incumbents

• Origin Energy: One of Australia's largest energy retailers and generators with significant renewable energy investments and hydrogen pilot projects; broader portfolio but overlapping utility-scale renewables customer base and PPAs.
• AGL Energy: Largest Australian energy retailer and generator transitioning to renewables, with operating wind, solar, and BESS assets; broader incumbent energy company but overlapping large-scale renewables development.
• ENGIE Australia: Australian arm of global utility ENGIE with significant wind, solar, hydrogen, and battery storage projects including the Hydrogen Generation project in Tasmania; comparable as a utility-scale renewable and hydrogen developer.

Emerging players

• TagEnergy: Emerging renewable energy developer founded by Impala and Atlantica with an Australian renewables pipeline including the 1.5 GW Five Wells Wind Farm and a green hydrogen project; comparable as a newer utility-scale renewables and hydrogen developer in Australia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ark-energy-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ark Energy