Batteries & Storage

A backbone of the energy transition

Energy storage technology – including batteries and pumped hydro – will play a fundamental part in Australia's energy transition.

In addition to their ability to help overcome network challenges associated with the nature of generation from renewable energy sources, storage assets provide owners with a diverse range of revenue opportunities – including 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 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:

  • tenure, planning approvals and environmental, cultural heritage and native title issues (which can be particularly complex for projects with larger footprints, such as pumped hydro projects);
  • project structuring and tax advice;
  • project financing, including government funding initiatives and opportunities, inbound foreign capital, equity and debt;
  • navigating technology risk as storage technology continues to develop, as well as regulatory approvals and reform;
  • connection strategy and (for pumped hydro projects) water source risk;
  • engineering, procurement and construction, including advising on supply chain issues (eg critical minerals availability), contracting strategies, software implementation, and interface and integration risk;
  • operation and maintenance, including issues related to performance warranties, degradation risk and implementing operating protocols; and
  • offtake and revenue strategy, which includes advising on revenue stack and energy arbitrage opportunities, novel and complex offtake structures, revenue underwriting schemes, and future markets.


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 aspects of the expansion scheme's funding, construction, environmental planning, regulatory and real estate aspects.

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 Victoria'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, tolling agreements, swap contracts, support agreements and revenue underwriting contracts.