ACEnergy

Name

ACEnergy

Legal name

ACEnergy Pty Ltd

Website

https://acenergy.com.au

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Utility-Scale Renewable Energy Development

NAICS

Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

BESS Market Participation & Trading Services (Ancillary/Capacity/Arbitrage) (EUAFAAAL), Utility-Scale BESS EPC & Integration (EUAEAEAA), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI)

Keywords

• Utility-scale solar development
• Battery energy storage systems
• Renewable energy project development
• Power purchase agreements
• Grid-scale BESS

Headquarters

HQ city

Camberwell

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development & Sale: ACEnergy develops utility-scale solar and BESS projects from greenfield origination through to ready-to-build or financial close, then sells completed assets to dedicated owners/investors. The company has raised over A$1 billion in equity and long-term financing.
2. Offtake Agreements (PPAs): ACEnergy secures long-term Power Purchase Agreements (PPAs) with energy retailers, corporates, and government entities to underpin project bankability. Revenue is earned through contracted energy sales under these offtake arrangements.
3. Asset Ownership & Operations: ACEnergy retains ownership of certain projects (e.g., Central BESS), generating revenue from energy market dispatch, FCAS revenues, and ancillary services over the operational life of assets.
4. Energy Bidding / Trading-as-a-Service: ACEnergy provides AI-powered trading solutions for its own assets and potentially third-party BESS owners, generating fees through route-to-market services, trading commissions, and performance-based arrangements.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

ACEnergy is a vertically integrated Australian renewable energy developer that originates, develops, finances, builds, owns, and operates utility-scale solar PV farms and lithium iron phosphate (LFP) Battery Energy Storage Systems (BESS) across the National Electricity Market. The company sells ready-to-build or operational projects to institutional investors, secures long-term offtake through Power Purchase Agreements (PPAs), retains certain assets for energy market dispatch revenue, and provides AI-powered energy trading services. Its project portfolio spans transmission-connected 200-500 MW BESS assets, distribution-level 5 MW Micro Solar Farms, and a Distributed BESS (D-BESS) portfolio across regional Australia.

Product overview

ACEnergy is an Australian renewable energy developer offering a vertically integrated suite of products and services. The core product portfolio includes utility-scale Battery Energy Storage Systems (BESS) projects ranging from 200-500 MW capacity, a Distribution BESS Portfolio of 5 MW/2-hour distributed batteries across regional Australia, and Micro Solar Farm projects (sub-5MW) with integrated storage. The company also provides AI-powered Energy Bidding Services for automated trading in the National Electricity Market. Supporting services span the entire project lifecycle: development, grid connection, design & engineering, offtake agreements, finance, and turnkey solutions (via affiliated company ACLE Services).

Differentiator

Problem solved

Functional benefit

Products and services

• Utility-Scale BESS Projects Large-scale Battery Energy Storage System projects (transmission-level) developed, financed, and operated by ACEnergy for sale to institutional investors or retention under long-term PPA offtake arrangements.
• Distribution BESS Portfolio (D-BESS) Portfolio of standalone 5 MW / 2-hour distributed battery energy storage systems connected to local distribution networks across regional Australia, developed in partnership with Sustainable Energy Infrastructure (SEI).
• Micro Solar Farm Projects Distribution-level solar projects (sub-5MW) with integrated battery storage, deployed across Moree, Yoogali, Tocumwal, Raywood, Ledcourt, Stawell, Goornong, and Moolort Solar Farms.
• Energy Bidding Services AI-powered automated trading solutions for the National Electricity Market (NEM) using machine learning and optimization algorithms for forecast and smart bidding, providing 24/7 automated monitoring, asset dispatch optimization, market-compliant bidding infrastructure, and risk management.
• Development Services End-to-end project development services including site identification, environmental due diligence, planning approvals, and co-location with existing infrastructure for renewable energy projects.
• Grid Connection Services Technical and regulatory management of connecting renewable assets to the grid, including feasibility studies, grid compliance, negotiations with network operators, and strategic network asset analysis.
• Design & Engineering Services High-performance solar and BESS designs tailored to site characteristics, combining technical expertise with efficiency, reliability, and environmental stewardship optimization.
• Offtake Agreement Services Securing long-term offtake agreements with energy retailers, corporates, and government entities through Power Purchase Agreements (PPAs), government tenders, or corporate sustainability commitments.
• Turnkey Solutions (EPC and O&M) Engineering, Procurement and Construction (EPC) and Operations and Maintenance (O&M) services for all projects, delivered through affiliated company ACLE Services.

Quantifiable outcome

• 169 MW operational capacity and ~4.4 GWh ready-to-build as at June 2025
• +10 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core and supporting.

• Australian Government (Capacity Investment Scheme)coreStrategic or Co-development Partner · 1 September 2025ACEnergy was awarded two of Victoria's largest BESS projects (Joel Joel 250MW and Little River 350MW) under the Australian Government's Capacity Investment Scheme (CIS) Tender 3. Together these projects deliver 600MW/2,400MWh of new dispatchable capacity. The CIS provides revenue underwriting to support new dispatchable renewable generation. The Australian Government, Minister Chris Bowen, and DCCEEW led the scheme, with AEMO's ASL team running the tender process.
• CATL (Contemporary Amperex Technology Co. Limited)coreTechnology or Integration · 14 August 2025ACEnergy issued a Letter of Award to CATL for the supply and integration of BESS for three utility-scale projects: Little River BESS (Victoria), Yanco BESS (NSW), and Joel Joel BESS (Victoria). CATL will undertake design, supply, testing, commissioning, integration of BESS, MVPS, inverters, PPC, EMS, and SCADA, along with full grid compliance. The portfolio totals approximately 3 GWh of energy storage capacity. ACLE Services serves as Balance of Plant (BoP) contractor. Construction expected to begin early 2026 with commercial operation planned for Q4 2027.
• Leeton Shire CouncilsupportingOthers · 1 January 2025ACEnergy entered into a $3 million Voluntary Planning Agreement with Leeton Shire Council to support community outcomes over the life of the Yanco BESS project. This agreement is part of the project's community benefit sharing commitments.
• ACLE ServicescoreImplementation/ SI/ Consulting PartnerACLE Services provides Engineering, Procurement and Construction (EPC) services and Operations and Maintenance (O&M) for all ACEnergy projects. With end-to-end capabilities spanning project design, delivery, and long-term asset management, ACLE streamlines execution, reduces risk, and ensures optimal performance. ACLE served as BoP contractor for the CATL-partnered BESS portfolio and delivered Phase 1 D-BESS (7 sites in under 12 months). ACLE has over 25 successfully completed projects in regional Victoria.
• Victorian Government (VRET2)coreStrategic or Co-development PartnerDerby Solar Farm was one of six successful projects under the Victorian Renewable Energy Target auction (VRET2), supporting Victoria's commitment to 100% renewable electricity by 2025. VRET2 provided a competitive tender process for renewable energy projects in Victoria.
• Network Service Providers (NSPs)supportingTechnology or IntegrationACEnergy works closely with Network Service Providers (NSPs) across the country for grid connection. The company's in-house grid integration and design teams navigate connection processes with NSPs efficiently, reducing reliance on external consultants and consistently meeting NSP timelines. Notable NSP partners include Powerlink (Queensland), Transgrid (NSW), and Powercor (Victoria).
• Rockhampton Regional CouncilsupportingOthersRockhampton Regional Council is involved in the Central BESS Community Reference Group, with Councillor Oram appointed as CRG Chairperson. Council participates in guiding the Community Benefit Fund for the Bouldercombe area, ensuring local perspectives are represented.
• Armidale Regional CouncilsupportingOthersACEnergy is working with Armidale Regional Council to identify opportunities for benefit sharing that will deliver lasting social and economic benefit for the Gara BESS project region in NSW.
• Barada Barna Aboriginal CorporationsupportingOthersACEnergy is working in close consultation with the Barada Barna Aboriginal Corporation for the Croydon Solar Farm project, ensuring development is respectful of the land and its rich cultural heritage. First Nations benefit sharing arrangements are being developed for multiple projects.
• Barengi Gadjin Land CouncilsupportingOthersACEnergy is working with the Barengi Gadjin Land Council for the Joel Joel BESS project to develop employment pathways, subcontracting opportunities, and long-term benefit sharing options with the local Indigenous community.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• EnergyAustralia: Australian gentailer developing and operating large-scale battery storage and renewable generation assets including the ~350MW Tallawarra BESS. Comparable BESS-focused investment pipeline within NEM but as part of broader generation/retail portfolio.
• AGL Energy: One of Australia's largest gentailers actively transitioning its generation portfolio toward renewables and BESS. Competes with ACEnergy for NEM capacity tenders and BESS development opportunities but with established retail energy customer base and broader portfolio.
• Origin Energy: Major Australian energy retailer and generator investing heavily in utility-scale batteries and renewable generation. Competes for grid-scale BESS opportunities in NEM and operates as both offtaker and developer/investor.
• Iberdrola Australia: Australian arm of Iberdrola, a global utility with renewable generation portfolio including utility-scale solar and BESS in NEM states. Overlapping capability set (development, ownership, trading) but operates at much larger scale with full balance-sheet ownership model.

Direct peers

• Lightsource bp: Global utility-scale solar and BESS developer with active Australian operations developing multi-hundred-MW projects across NEM states. Comparable scope and customer base (offtakers, government tenders, institutional investors), though backed by bp's balance sheet.
• RES (Renewable Energy Systems): Global renewable energy developer with significant Australian presence developing utility-scale wind, solar, and storage projects. Comparable vertically integrated development-to-EPC model and institutional investor relationships.
• Genex Power: Australian renewable energy developer focused on utility-scale solar PV and battery storage projects in NEM. Directly comparable scale, technology focus, and project development model (notably the Kidston and Bouldercombe projects adjacent to ACEnergy's Central BESS footprint).
• Edify Energy: Australian renewable energy developer focused on utility-scale solar PV and battery storage projects across the NEM. Directly comparable in scale, geography, and project pipeline; similar mid-stage private developer profile with PPAs, government tenders, and institutional capital partnerships.
• FRV Australia (Fotowatio Renewable Ventures): Part of Fotowatio (Saudi/global developer), develops and delivers utility-scale solar and storage in Australia. Comparable in project size, NEM focus, and developer-to-investor asset transfer model, though with deeper corporate backing.

Emerging players

• Nhoa Energy: Global BESS-focused developer with Italian origins and growing Australian presence. Comparable utility-scale battery storage project portfolio and dispatch optimisation expertise; Francesca Pisu (ACEnergy's Italy BDM) previously held a senior BESS role at Nhoa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/acenergyaustralia

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles27 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 ACEnergy