What Revera Energy does

Revera Energy is a renewable energy infrastructure platform that develops, builds, owns, and operates utility-scale solar, wind, battery energy storage systems (BESS), and green hydrogen projects across Australia and the United Kingdom. The company was formed in May 2025 when Carlyle Global Infrastructure carved out Amp Energy's Australian and UK operations, and it operates an integrated project lifecycle model spanning site selection, planning and permitting, grid connection (including UK NESO Gate 2 processes), procurement, EPC oversight, offtake structuring, and project financing. Its portfolio includes 158MW of operational solar in Australia, a 5.6GW Australian development pipeline (2.3GW solar, 1.4GW wind, 750MW+ battery), a 1.2GW Scottish BESS pipeline (Windyhill 200MW, Hunterston 400MW, Kincardine 400MW), and a 1GW green hydrogen and green iron project at Cape Hardy, South Australia, supported by partnerships with GE Vernova, Danske Commodities, G2 Mitie, and Lincoln Minerals/Iron Road.

Revera's business model combines long-duration asset ownership with multi-source revenue streams: 15-year UK Capacity Market contracts, energy and ancillary services trading through Danske Commodities, corporate and industrial PPAs, and emerging green hydrogen and green iron offtake. Capital is sourced through a mix of Carlyle equity and tier-one project-level debt, including a US$150M credit facility with Nomura and mandates with Santander CIB, CBA, Westpac, Natixis, and EDC. The company is led by CEO Daniel Kim, CFO Andy Hoffman, and Chairman Richard Hoskins, and reports headcount of 51–100 staff across multiple offices, plus 550+ construction roles and 45 long-term operational positions supporting the active build-out. Algorithm-driven dispatch and trading optimization is used to manage battery storage revenue capture, though this is presented as a standard asset-management capability rather than a differentiated technology proposition.

Name

Revera Energy

Legal name

Revera Energy

Website

https://revera.energy

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

51–100 employees

Short description

Revera Energy is a Carlyle-backed renewable energy infrastructure platform that develops, owns, and operates utility-scale solar, wind, battery storage, and green hydrogen projects across Australia and the United Kingdom, serving national electricity markets and industrial offtakers.

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Battery energy storage
• Renewable energy infrastructure
• Green hydrogen production
• Utility-scale solar
• Wind energy generation

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Project Development and Ownership: Developing, building, owning, and operating energy infrastructure assets including solar, wind, battery storage, and green hydrogen projects. Revenue generated from long-term asset ownership with stable returns.
2. Energy Trading and Optimisation: Trading and optimisation services for battery storage assets across wholesale and ancillary services markets. Revenue from energy trading, frequency response services, and capacity market contracts.
3. Capacity Market Contracts: Long-term revenue contracts secured through UK Capacity Market auctions, providing 15-year revenue visibility for battery storage projects.
4. Green Hydrogen and Iron Production: Supplying green hydrogen as feedstock for green ammonia and green iron manufacturing, targeting hard-to-abate industries including shipping, mining, transport and heavy manufacturing.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Revera Energy develops, builds, owns, and operates utility-scale renewable energy infrastructure projects including solar PV, wind generation, battery energy storage systems (BESS), and green hydrogen production across Australia and the United Kingdom. The company operates as an integrated developer-owner-operator, securing land rights, planning approvals, and grid connections, then financing, constructing, and operating the assets under long-term contracts with utilities, grid operators, and industrial customers. Revenue is generated through energy sales, capacity market contracts, and algorithmic trading optimization services.

Product overview

Revera Energy is an independent energy infrastructure platform that develops, builds, owns, and operates renewable energy projects across Australia and the UK. The company operates as a unified platform focused on four core technologies: Solar (utility-scale PV including Hillston, Molong, and hybrid projects in South Australia), Battery Energy Storage (BESS including Bungama, Robertstown, and three Scottish projects Windyhill, Hunterston, and Kincardine), Wind, and Green Hydrogen (Cape Hardy). The portfolio includes 158MW of operational solar in Australia, ~300MWh BESS under construction, 1.2GW BESS pipeline in the UK, 5.6GW combined pipeline in Australia, and 1GW green hydrogen project in development. Backed by Carlyle, the platform integrates project development, financing, construction, and long-term asset management capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Cape Hardy Green Hydrogen Project A proposed green hydrogen production facility at Cape Hardy on the Eyre Peninsula in South Australia, powered by renewable energy from wind, solar, and battery storage systems. Includes an Activation Facility with up to 150MW of renewable energy powering up to 50MW of hydrogen electrolysis to produce approximately 1.5mtpa of DR-grade iron ore pellets for green steel manufacturing. Targets hard-to-abate sectors including shipping, mining, transport, and heavy manufacturing.
• Bungama BESS A large-scale Battery Energy Storage System with up to 250MW/700MWh capacity located approximately 6km east of Port Pirie in South Australia. Stage 1 (150MW/300MWh) is under construction with commercial operations expected Q2 2026, integrating into the National Electricity Market through a 275kV connection.
• Windyhill BESS A 200MW/400MWh Battery Energy Storage System located in Bearsden, approximately 10km north-west of Glasgow, Scotland. Supports UK 2030 Net Zero goals and helps unlock transmission bottlenecks, with commercial operations expected Q1 2028. GE Vernova supplies the BESS hardware and a long-term service agreement; Danske Commodities provides trading and optimization services with a 10-year revenue floor covering 100% of project capacity.
• Hunterston BESS A 400MW/800MWh battery energy storage project located in North Ayrshire on the west coast of Scotland, near the decommissioned Hunterston A & B Nuclear Power Stations. Delivers grid-scale energy storage and constraint management services to the SP Energy Networks 400kV transmission system. Planning consent was granted in 2022 by the Scottish Ministers.
• Kincardine BESS A 400MW/800MWh energy storage project situated in Kincardine, Scotland, connecting to the 275kV transmission system via the Kincardine substation. Provides grid flexibility and supports integration of offshore wind farms in North-East Scotland with a 40-year design life. Planning approval granted by the Scottish Ministers in 2022.
• Robertstown BESS and Solar An approved multistage 500MW BESS and utility-scale solar photovoltaic facility proposed in South Australia, integrating into the National Electricity Market through a 275kV connection to ElectraNet's Robertstown Substation. Robertstown East adds 300MW of PV approved in 2025.
• Yoorndoo Ilga Solar An approved 300MW utility-scale solar project combined with 250MW/1000MWh battery storage on approximately 665ha of Barngarla land, 13km north of Whyalla, South Australia. Named 'Yoorndoo Ilga' meaning 'having or possessing the sun' in Barngarla language, developed in partnership with the Barngarla People.
• Hillston Solar Farm A 119MWdc solar photovoltaic development located 3.5km south of Hillston in Southwest New South Wales. Completed in March 2022, the site implements agrivoltaics combining solar energy with chicken grazing to improve soil quality and water retention.
• Molong Solar Farm A 30MWac solar farm located in the central west region of New South Wales, northwest of Orange. Approved in 2017 with construction commenced in 2019.

Quantifiable outcome

• 550 direct construction jobs and 45 long-term operational roles created across Scottish projects
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core, strategic and supporting.

• GE VernovacoreTechnology or Integration · 27 February 2026GE Vernova will supply the battery energy storage system for Windyhill BESS and provide a long-term service agreement. Industry-leading and investment-grade counterparty for project delivery.
• Danske CommoditiescoreTechnology or Integration · 27 February 2026Danske Commodities provides trading and optimisation services for Windyhill BESS including a 10-year revenue floor covering 100% project capacity. Uses automated algorithmic systems to manage trading across wholesale and ancillary services markets.
• G2 MitiecoreTechnology or Integration · 27 February 2026G2 Mitie contracted as Balance of Plant contractor and maintenance provider for Windyhill BESS.
• Lincoln Minerals LimitedstrategicStrategic or Co-development Partner · 8 December 2025Revera signed MOU with Lincoln Minerals (ASX:LML) to jointly undertake a scoping study for a potential DR-grade green pellet plant at Cape Hardy. Lincoln is advancing the Eyre Magnetite Project with JORC resource of 1.2 billion tonnes. The MOU sets framework for collaboration on optimal flowsheet, product mix, and commercial structure.
• White & CasesupportingImplementation/ SI/ Consulting PartnerWhite & Case served as borrower's counsel for Windyhill BESS project financing.
• MilbanksupportingImplementation/ SI/ Consulting PartnerMilbank acted as lender's counsel for Windyhill BESS project financing.
• Norton Rose FulbrightsupportingImplementation/ SI/ Consulting PartnerNorton Rose Fulbright served as lender's counsel for the US$150 million credit facility.
• A&O ShearmansupportingImplementation/ SI/ Consulting PartnerA&O Shearman acted as borrower's counsel for the US$150 million credit facility.
• Iron Road LimitedsupportingStrategic or Co-development PartnerIron Road Limited (ASX: IRD) owns land at Cape Hardy. Revera secured option to purchase 24 hectares (Area C) and reserved 580ha for the Cape Hardy Green Hydrogen Project. Two additional land purchase options with sunset dates of March 2026 and June 2027.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Penso Power: UK-focused battery storage and flexibility asset developer-owner-operator. Directly comparable to Revera's UK BESS strategy (Windyhill, Hunterston, Kincardine) with similar revenue focus on capacity, ancillary services and trading.
• Zenobe Energy: UK-based battery storage developer and operator with a focus on grid-scale storage and EV fleet electrification. Comparable to Revera as a UK BESS owner-operator targeting revenue from capacity, balancing and trading markets.
• TagEnergy: Independent power producer developing multi-GW wind, solar and battery storage pipelines in Australia, UK, France and other markets. Closely comparable to Revera's two-market (UK + Australia) developer-owner-operator model and multi-technology focus.
• Harmony Energy Income Trust: UK-based developer, owner and operator of grid-scale battery energy storage systems. Comparable to Revera as a pure-play BESS platform targeting UK grid services and Capacity Market revenue.
• Field (Harmony Energy / Field joint ventures): UK BESS development vehicle active in grid-scale storage projects across Britain. Comparable to Revera's UK battery storage portfolio competing for similar capacity market contracts and grid services.

Regional players

• AGL Energy: One of Australia's largest integrated energy companies with significant BESS and renewable generation assets in the NEM. Comparable to Revera's Australian BESS/solar operations (Bungama, Robertstown, Hillston), though focused primarily on the Australian market.

Broad incumbents

• SSE plc: UK-listed integrated utility with a major UK battery storage and renewables pipeline (including co-development with Equinor on Dogger Bank). Comparable in UK BESS market positioning and asset ownership model, with broader generation and networks exposure.
• Iberdrola: Global utility with a rapidly expanding BESS portfolio across the UK, Australia, US and Europe. Broadly comparable to Revera as a developer-owner-operator of utility-scale renewables and storage, but with a much larger, diversified portfolio.
• ENGIE: Global utility developer and operator of renewables, storage and green hydrogen. Comparable to Revera's multi-technology platform (solar, wind, BESS, H2), though ENGIE operates at vastly greater scale and across more geographies.
• EDF Renewables: UK and global renewable energy developer-owner-operator with utility-scale solar, wind and emerging battery storage pipeline. Comparable to Revera in targeting UK and Australian utility/C&I offtakers, with broader portfolio and balance sheet.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/revera-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

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 Revera Energy