Batteries & Storage
- Energy
- Energy regulation
- Hydrogen
- Offshore wind
- Oil & Gas
- Batteries & Storage
- Renewable energy zones
A backbone of the energy transition
Energy storage technology – including batteries and pumped hydro – will play a fundamental part in Australia's energy transition, supporting both grid-connected and remote generation assets.
In addition to their ability to help overcome network and off-grid challenges associated with the nature of generation from renewable energy sources, energy storage assets provide owners with a diverse range of revenue opportunities – including through the provision of system strength and ancillary services, and energy arbitrage and government underwriting initiatives. As energy consumers' demand for 'green electrons' continues to grow, access to storage assets will enable energy retailers to provide this product to their customers.
How we can help
We are leaders in large-scale battery and storage project developments and financing in Australia. Our team has advised clients on first-to-market energy storage technologies, and some of the largest battery and pumped hydro projects in Australia. We have an in-depth understanding of current market conditions, and use our expertise to guide clients on all aspects of the storage project lifecycle.
Our work includes:
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Experience
HMC Capital
Advised ASX-listed alternative asset manager HMC capital on its strategic investment in Stor-Energy, a specialist developer, owner and operator of utility-scale battery energy storage systems.
Akaysha Energy
Advised on the $650 million financing of the Orana Battery Energy Storage System (BESS), the largest four-hour BESS in Australia's National Energy Market and one of the largest in the world.
The world's most powerful battery
Advised on the procurement of the Waratah Super Battery project, the largest standby network battery in the Southern Hemisphere, including advising on transaction documents and funding, as well as revenue determination, within a bespoke regulatory regime.
Australia's largest privately funded and owned utility-scale battery
Advising on the development of the Hazelwood Battery, a first-to-market project, including advising on transaction documents, the connection process, equity structure and financing options.
Financing of landmark pumped hydro project
Advised on the $777 million financing of the Kidston Pumped Storage Hydro Project.
Snowy Hydro 2.0
Advising on all funding, construction, environmental planning, regulatory and real estate aspects of the expansion scheme.
Australian Renewable Energy Agency
Advised on the funding of the expansion of the Hornsdale Power Reserve, and on the Kennedy Energy Park combined large-scale wind and solar generation and battery storage project.
Innovative battery pilot project
Advised on the Wallgrove Grid Battery, including on all aspects of design, construction and maintenance, and dispatch control and services.
VRET 1 and 2
Advised the Victorian Department of Energy, Environment and Climate Action on the state's Renewable Energy Auction Schemes, including in connection with the hybrid battery and solar offtake arrangements.
Offtake structures
Advised on novel and complex offtake strategies for battery and pumped hydro projects, using a variety of structures, including revenue sharing agreements, physical and virtual tolling agreements, swap contracts, support agreements and revenue underwriting contracts.
Financing
Advised on the project financing of various utility-scale battery projects, including ZEN's 111MW Templers Battery Energy Storage System in South Australia and Edify's 185MW/370MWh Koorangie Energy Storage System.