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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Our latest thinking on Batteries & Storage
Experience
Pelican Point BESS
Advised ENGIE on all aspects of its procurement of the Pelican Point Battery Energy Storage System (BESS), a major project strengthening South Australia's transition to renewable energy.
Elaine BESS
Advised Akaysha Energy on the $460 million construction financing of the 311MW / 1,244MWh Elaine BESS, to be developed in Victoria's South West REZ.
Joel Joel BESS and Little River BESS
Advised ACEnergy on its successful participation in the Capacity Investment Scheme (CIS) Dispatchable Capacity tender round 3, securing support for its two BESS projects – Joel Joel BESS and Little River BESS. This was the first National Electricity Market-wide dispatchable generation tender under the CIS. CIS agreements and other similar government support agreements will continue to play an important role in enhancing the bankability of renewables and storage projects.
Energy trading evolution
Advised ENGIE in Australia on their first 100% virtual storage agreement to be entirely de-linked from a physical battery asset, marking a significant milestone in the evolution of energy trading in Australia.
Snowy Hydro 2.0
Advising on all funding, construction, environmental planning, regulatory and real estate aspects of the expansion scheme.
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.