SCEE Group Wins $90m in Battery, Education and Water Contracts

The latest announcement is out from Southern Cross Electrical Engineering Limited ( (AU:SXE) ).

Southern Cross Electrical Engineering Limited has secured a suite of new contracts worth a combined $90 million across renewable energy, education and water projects, underscoring its expanding role in Australia’s energy transition and public infrastructure build-out. The largest award sees SCEE Electrical move from early contractor involvement to the detailed engineering phase of the Steel River East grid-scale battery energy storage system in Newcastle for PLUS Grid Storage Partnership, one of the first large distribution-connected batteries in New South Wales, with completion expected in mid-2027 and drawing on multiple in-house specialist businesses. In the Australian Capital Territory, subsidiary Heyday has won design-and-construct packages for three major school projects—Bungendore High School, Second College Gungahlin and Whitlam Primary School—covering electrical, communications, security, audio-visual and fire detection systems, with staged openings from 2026 to 2028. Meanwhile, S.J. Electric has been engaged on Queensland’s Mount Morgan Water Supply Project to design, supply and install electrical works and main switchboards for pump stations and a pipeline, further diversifying SCEE’s portfolio. Management highlighted that these wins reinforce the group’s exposure to structural growth themes in data centres, infrastructure and electrification and its ability to deploy multiple specialist units on integrated projects as a competitive advantage for clients and shareholders.

The most recent analyst rating on (AU:SXE) stock is a Buy with a A$2.40 price target. To see the full list of analyst forecasts on Southern Cross Electrical Engineering Limited stock, see the AU:SXE Stock Forecast page.

More about Southern Cross Electrical Engineering Limited

Southern Cross Electrical Engineering Limited (SCEE Group) is an Australian electrical, communications and infrastructure services contractor operating across renewable energy, education, water and broader infrastructure markets. Through subsidiaries such as SCEE Electrical, Heyday and S.J. Electric, the group delivers design, engineering, procurement, construction and installation solutions, with a growing focus on grid-scale battery energy storage systems and complex building services for public sector and utility clients.

Average Trading Volume: 871,223

Technical Sentiment Signal: Buy

Current Market Cap: A$654.3M

See more data about SXE stock on TipRanks’ Stock Analysis page.