What AMPYR Australia does

AMPYR Australia is a Sydney-headquartered, privately held independent power producer focused exclusively on developing, building and operating grid-scale Battery Energy Storage Systems (BESS) across the National Electricity Market. Founded in 2023 and backed by AGP Sustainable Real Assets (a global platform with 13 GW of clean energy assets and 920+ MW of data center capacity), the company has assembled a five-project portfolio totaling 1,695 MW and 6,180 MWh across New South Wales, South Australia, Queensland and Victoria. The flagship Bulabul Battery (400 MW / 1,000 MWh, NSW) is under construction as of August 2025, with Northern Battery (270 MW / 1,080 MWh, SA) targeting operations by Q2 2028; Swallow Tail (NSW), Grahams (QLD) and Wimpole (VIC) are in earlier stages of development. The company employs grid-forming inverter technology and selects sites on former thermal generation footprints to accelerate grid connection and reduce capital cost.

AMPYR monetizes its storage capacity through three primary channels: (1) wholesale electricity market participation via arbitrage and Frequency Control Ancillary Services (FCAS) in the NEM, operated through AEMO; (2) long-duration offtake and tolling agreements, exemplified by a 15-year, $300M+ agreement with European energy trader InCommodities covering 120 MW; and (3) government-backed capacity contracts via the federal Capacity Investment Scheme, including a Financial Risk Management contract awarded for the Northern Battery in May 2026. The company also references a distributed energy solutions offering for industrial and commercial customers. Customer segments therefore span energy trading houses, hyperscale data center operators (via the parent's data center platform), and government/AEMO.

A distinctive strategic differentiator is AMPYR's Wambal Bila partnership, which delivers a 5% equity stake to a First Nations entity — described as an industry-first model — providing social license and de-risking development on contested sites. The company won IJGlobal's 2025 ESG Impact Deal of the Year award for this transaction. The business model is asset-heavy and capital-intensive, reliant on a combination of parent equity, project finance debt, contracted offtake revenue, and government capacity payments to reach commercial operations across the pipeline.

Name

AMPYR Australia

Legal name

AMPYR Australia Pty Ltd

Website

https://ampyr.com.au

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

AMPYR Australia is a Sydney-based independent power producer backed by AGP Sustainable Real Assets, developing a 1,695 MW / 6,180 MWh portfolio of grid-scale battery energy storage projects across NSW, SA, QLD and VIC for wholesale, FCAS, and long-term offtake revenue.

Ownership category

akta.pro rank

Product category

Battery Energy Storage Systems

NAICS

Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS EPC, Integration & Commissioning (EUAFAAAB), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL)

Keywords

• Utility-scale battery storage
• Grid-scale energy storage
• Independent power producer
• Renewable energy projects
• Distributed energy solutions

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Wholesale Electricity Market Revenue: AMPYR's grid-scale BESS assets charge during periods of low electricity demand (when renewable generation is high) and discharge during peak demand periods, participating actively in the National Electricity Market (NEM). Revenue is generated from energy arbitrage (buy low, sell high), FCAS (Frequency Control Ancillary Services), and capacity payments.
2. Long-Term Offtake Agreements: AMPYR enters long-term capacity swap agreements and PPAs with energy trading companies and large energy users. For example, a 15-year Capacity Swap Agreement of up to 120 MW with InCommodities for the Bulabul BESS. These agreements provide contracted revenue certainty while assets are optimised in the spot market.
3. Government Capacity Contracts (FERM): AMPYR secures government procurement contracts such as the South Australian Firm Energy Reliability Mechanism (FERM) for the Northern Battery. These contracts provide contracted capacity payments in exchange for delivering long-duration firm capacity, providing revenue certainty independent of spot market volatility.
4. Distributed Energy Solutions Revenue: AMPYR's Distributed business delivers end-to-end front-of-meter and behind-the-meter energy solutions to commercial and industrial customers, providing ongoing energy management services.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

AMPYR Australia designs, develops, owns, and operates utility-scale and distributed battery energy storage systems (BESS) across Australia. The company participates in the National Electricity Market (NEM) by charging its BESS assets during periods of high renewable generation and discharging during peak demand, providing firm capacity, FCAS services, and long-term contracted offtake to enterprise customers.

Product overview

AMPYR Australia operates as an independent power producer developing utility-scale battery energy storage systems (BESS) across Australia. The company manages a portfolio of five major BESS projects: Bulabul Battery (400 MW/1 GWh, NSW), Northern Battery (270 MW/1,080 MWh, SA), Swallow Tail Battery (300 MW/1,200 MWh, NSW), Grahams Battery (350 MW/1,400 MWh, QLD), and Wimpole Battery (375 MW/1,500 MWh, VIC). The company is on track to own and operate 6 GWh of grid-scale battery storage in Australia by 2030, providing up to 20% of Australia's future storage demand. AMPYR's portfolio spans utility-scale projects designed to charge from excess renewable generation and discharge during peak demand, supporting grid stability and integration of renewables across the National Electricity Market.

Differentiator

Problem solved

Functional benefit

Products and services

• Bulabul Battery A utility-scale BESS located in Wellington, Central West NSW. The project delivers 400 MW / 1 GWh total capacity across two stages, connecting to the National Electricity Market via the Wellington 330kV substation.
• Northern Battery A 270 MW / 1,080 MWh grid-forming battery storage system developed in partnership with Green Gold Energy in Port Augusta, South Australia, configured as an 8-hour BESS at the former Northern Power Station site.
• Swallow Tail Battery A 300 MW / 1,200 MWh BESS project located near the Bannaby substation in NSW, designed to store energy and discharge during peak demand.
• Grahams Battery A 350 MW / 1,400 MWh BESS project developed in 3 stages near Kogan and Dalby in Queensland's Western Downs region, designed to store energy for use during peak times.
• Wimpole Battery A 375 MW / 1,500 MWh BESS project developed in 2 stages in Bunyip, Gippsland, Victoria, designed to store energy for use during peak demand periods.
• Distributed Energy Solutions End-to-end front-of-meter and behind-the-meter energy solutions delivered to commercial and industrial customers, providing ongoing energy management services across AMPYR's distributed BESS portfolio.

Quantifiable outcome

• 6+ GWh of grid-scale battery storage on track to operate by 2030, providing up to 20% of Australia's future storage demand
• +7 more outcomes

Named customers2 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

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• InCommoditiescoreStrategic or Co-development Partner · 27 November 2025AMPYR signed a 15-year battery storage agreement with InCommodities for the Bulabul BESS in Wellington, NSW. The partnership involves a Capacity Swap Agreement of up to 120 MW, leveraging InCommodities' global trading, spot market, and energy-tech experience alongside AMPYR's asset management expertise. The partnership is worth in excess of $300 million for up to 15 years across battery projects — InCommodities' first long-term 10+ year commitment in Australia. InCommodities Australia is on track to sign over 1.5 GW of long-term PPAs across Solar, Wind and Battery assets by 2027.
• Green Gold Energy (GGE)coreStrategic or Co-development Partner · 12 November 2025AMPYR partnered with Green Gold Energy (GGE) to acquire and co-develop the Northern Battery (formerly Davenport BESS project) in Port Augusta, South Australia. GGE, an Adelaide-based renewables developer, developed the project since 2023 and continues to support delivery through its deep local knowledge and established community and stakeholder relationships. One of the first decisions under the partnership was to relocate the project to the former Northern Power Station precinct to capitalise on pre-existing substation infrastructure.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• EnergyAustralia: Major Australian integrated energy retailer and generator (owned by CLP Group) with BESS development plans across NEM. Competes for capacity tenders and merchant storage revenues as part of a broader portfolio.
• Iberdrola Australia (AVANGRID): Spanish-headquartered global utility with significant Australian renewable and BESS operations through Avangrid. Competes for NEM storage capacity and hyperscale offtake, but as part of a global diversified portfolio.
• AGL Energy: Australia's largest integrated energy company and incumbent utility with substantial BESS development plans across NEM. Competes in the same hyperscale data centre and FCAS markets but as part of a much broader generation and retail portfolio.
• Origin Energy: Major Australian integrated energy company with growing BESS pipeline and existing generation assets in NEM. Comparable on the storage side, but operates a much larger retail and conventional generation business.
• Shell Energy Australia: Australian arm of global energy major with renewable and BESS operations and prior owner of the Wellington/Bulabul project. Direct counterparty competitor for large-scale battery offtake structures and asset development.

Direct peers

• Tesla Energy: Global BESS hardware provider (Megapack) and developer with the Victorian Big Battery in Australia. Comparable as a vertically integrated BESS technology and project developer targeting hyperscale customers.
• Fluence Energy: Global BESS systems integrator and software provider with NEM project deployments. Comparable as a utility-scale storage technology and services provider competing for similar hyperscale and utility customers.
• Genex Power: Australian BESS and pumped hydro developer behind the Kidston and Bouldercombe battery projects. Comparable as a smaller, pure-play Australian storage developer with NEM exposure.
• Akaysha Energy: BlackRock-backed Australian utility-scale BESS developer operating and developing multiple gigawatt-hour-scale battery projects across the NEM. Most directly comparable peer in terms of business model, scale, and target market.
• Neoen: French independent power producer with significant Australian utility-scale BESS and renewable operations, including the Victorian Big Battery. Directly comparable as a pure-play renewables-and-storage IPP in the NEM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about AMPYR Australia