What BE Power Group does

BE Power Group is a Melbourne-based renewable energy infrastructure developer that originates, designs, builds, and commercialises utility-scale power projects across Australia. Its portfolio centres on pumped hydro energy storage (PHES) projects — Big-T (400MW at Lake Cressbrook, QLD, with co-located 200MW/1hr BESS), Big-G (800MW at Gladstone, QLD), and Big-S (400MW at Molesworth, VIC) — alongside an operating 12.5MW solar and 15MW gas co-generation plant (MC Power) in the Northern Territory. The company also runs an asset management division that provides end-to-end O&M, compliance, and performance oversight for the NT solar/gas assets.

BE Power monetises through a hybrid model: project development fees and EPC margins on large infrastructure assets (one-time, project-specific), recurring electricity sales from the MC Power plant (~136,000 MWh/year delivered to a single NT customer), and asset management fees on managed stations. Engineering and co-development capability is delivered through tier-one partners — Lombardi Engineering (exclusive Principal Engineer across PHES projects), Tractebel (reference design and EPC documentation), and GE Vernova (co-developer on Big-T) — supplemented by a leadership team drawn from project finance (ANZ, Bank of Scotland), electricity trading (AGL, Alinta, BlueNRG), and large-scale generation delivery (3,000+ MW brought to financial close).

The go-to-market is institutional and government-led. BE Power engages directly with state bodies via formal tender processes (Toowoomba Regional Council ITT for Big-T), pursues Coordinated Project designation through the Queensland Coordinator-General, secures grid connection via AEMO and Powerlink, and negotiates offtake and divestment with utilities and infrastructure investors (Stanwell Corporation is in the process of potentially acquiring Big-T). Distribution is therefore enterprise/B2G field sales and direct developer-to-investor transactions rather than broad marketing or self-serve channels.

Name

BE Power Group

Legal name

BE Power Group

Website

https://bepower.com.au

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure Development

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Hydroelectric Power Generation (221111)

SIC

Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

Utility-Scale Power Generation Asset Management (EUAEAMAA), Energy Storage & Microgrid Electrical Infrastructure (BESS, Controls) (IMAFAHAE)

Keywords

• Pumped hydro storage
• Renewable energy infrastructure
• Power plant development
• Solar co-generation
• Energy asset management

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Project Development and Origination: BE Power originates, designs, constructs, and commercializes renewable energy infrastructure projects (pumped hydro, solar, gas co-generation). Revenue is earned through project development fees, EPC margins, and proceeds from project sales to infrastructure investors or utilities. Stanwell Corporation is currently in the process of potentially acquiring the Big-T project from BE Power.
2. Power Plant Operations and Electricity Trading: BE Power operates owned power plant assets and undertakes electricity trading and retailing activities, generating revenue from the sale of electricity to offtakers under long-term commercial agreements.
3. Asset Management Services: BE Power provides end-to-end asset management services for solar and gas power stations in the Northern Territory, including operational oversight, maintenance management, financial management, contract management, and performance monitoring for managed assets.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

BE Power Group develops, constructs, and operates utility-scale renewable energy power plants, primarily pumped hydro energy storage (PHES) projects, across Australia. The company has a portfolio exceeding 1.2GW spanning multiple projects including Big-T (400MW PHES at Lake Cressbrook, QLD), Big-G (800MW PHES at Gladstone, QLD), Big-S (400MW PHES at Molesworth, VIC), and an operational solar/gas co-generation plant in the Northern Territory. BE Power also delivers end-to-end asset management services for renewable power assets.

Product overview

BE Power Group is a renewable energy infrastructure development company specializing in pumped hydro energy storage (PHES) projects and solar/gas co-generation facilities across Australia. The company operates a portfolio-based approach with three main PHES projects: Big-T (400MW at Lake Cressbrook, QLD), Big-G (800MW at Gladstone, QLD), and Big-S (400MW at Molesworth, VIC). Additionally, BE Power operates the MC Power solar/gas co-generation plant (12.5MW solar + 15MW gas) in the Northern Territory. The company provides end-to-end services including project origination, design, construction, power plant operations, asset management, and electricity off-takes. The total utility-scale renewable energy dispatchable power project portfolio exceeds 1.2GW.

Differentiator

Problem solved

Functional benefit

Products and services

• Big-T Pumped Hydro Energy Storage Project 400MW Pumped Hydro Energy Storage (PHES) project located at Lake Cressbrook, approximately 45km north-east of Toowoomba, Queensland. Features 10-hour (4GWh) storage capacity with high electrical efficiency, supporting 4,000MWh generation in a single operating cycle. Includes co-located 200MW/1 hour Battery Energy Storage System (BESS). Developed for utility, government, and infrastructure investor offtakers including a potential acquisition by Stanwell Corporation.
• Big-G Pumped Hydro Energy Storage Project 800MW Pumped Hydro Energy Storage (PHES) project located near Mount Alma in Gladstone, Queensland, within Renewable Energy Zone 6 (REZ6). Features 12-hour daily operating capacity with 290-meter height differential between two reservoirs spaced 1.75km apart. Estimated project cost of $2.3 billion AUD. Construction start targeted for 2027.
• Big-S Pumped Hydro Energy Storage Project 400MW Pumped Hydro Energy Storage (PHES) project situated in Molesworth, Victoria. Features 10-hour capacity to support firm up local grid requirements and provide support to the region's growing renewable energy and Victorian grid.
• MC Power Solar/Gas Co-Generation Plant 12.5 MW solar farm and 15 MW gas-fuelled co-generation plant developed jointly with Merricks Capital in the Northern Territory. The operational facility delivers approximately 136,000 MWh of electricity annually to a Northern Territory customer.
• Renewable Energy Asset Management Services End-to-end asset management services for solar and gas power stations in the Northern Territory, including operational oversight, maintenance management, financial management, contract management, and performance monitoring for managed assets. Established to support the operations of the solar and gas plants in the Northern Territory project.
• Power Plant Operations and Electricity Trading Operation of owned power plant assets and electricity trading and retailing activities, generating revenue from the sale of electricity to offtakers under long-term commercial agreements. Covers power plant operations, electricity off-takes, and dispatchable power supply.

Quantifiable outcome

• 288,000 homes can be powered by the Big-T project
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core, major and supporting.

• Lombardi EngineeringcoreTechnology or Integration · 1 March 2024Lombardi is BE Power's Principal Engineering partner, exclusively providing engineering and technical services across all BE Power pumped hydro projects. The firm acts as owner's engineer and trusted advisor, contributing extensive experience in pumped hydro and tunnelling, including involvement in Australia's Snowy 2.0 project and Oven Mountain project. The partnership enables BE Power to deliver pumped hydro projects from initial concept through construction and commercial operations.
• GE Vernova (formerly GE Renewable Energy)coreStrategic or Co-development PartnerBE Power and GE Vernova are co-development partners in the investigation, development, construction, and operation of the Big-T Pumped Hydro Energy Storage project at Lake Cressbrook. GE Vernova brings its $15 billion portfolio in renewables including hydro, storage, wind, solar, grid solutions, and digital services. GE Vernova will develop, construct, and operate the project alongside BE Power.
• Merricks Capital / MC PowermajorStrategic or Co-development PartnerBE Power and MC Power (a division of Merricks Capital) jointly developed and constructed a 12.5 MW solar farm and 15 MW gas-fuelled co-generation plant in the Northern Territory. At completion, the co-generation power plant delivers approximately 136,000 MWh of electricity annually to a Northern Territory customer.
• TractebelmajorTechnology or IntegrationTractebel serves alongside Lombardi as reference design and EPC documentation contractor for BE Power's Big-T project. Tractebel has engagement experience with major pumped hydro schemes in Australia, including Snowy 2.0.
• PowerlinksupportingOthersPowerlink, Queensland's transmission network operator, has provided support for grid connectivity for the Big-G project, endorsing two viable grid connection options. AEMO and Powerlink have approved grid connection for the Big-T project.
• Toowoomba Regional CouncilmajorOthersToowoomba Regional Council is Lake Cressbrook's primary landowner and is running an Invitation to Tender (ITT) process for the Big-T project, which has progressed to Stage 3 for development of commercial terms. The Council has endorsed BE Power to progress to the next stage of the tender process.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Others

• Stanwell Corporation: Stanwell Corporation is the Queensland state-owned electricity generator and retailer currently in process to acquire BE Power's Big-T PHES project. As the likely acquirer of BE Power's flagship project, it is a key commercial counterparty and an investor in the same utility-scale storage value chain.
• CS Energy: CS Energy is a Queensland state-owned electricity generator transitioning its portfolio from coal to renewables and storage. As a likely project offtaker or co-investor in Queensland REZ projects including PHES, it is a related counterparty in the same regional energy transition value chain as BE Power.
• CleanCo Queensland: CleanCo is the Queensland state-owned renewable energy generator established to drive the state's 50% renewable by 2030 target. As a potential offtaker and infrastructure investor aligned with BE Power's project geography, it is a comparable counterparty in the Queensland renewable transition value chain.

Direct peers

• Genex Power: Genex Power is an Australian renewable energy developer with the Kidston Pumped Hydro Energy Storage project (250MW) in Queensland, making it the most directly comparable peer to BE Power in utility-scale PHES development across Australia's NEM.
• Snowy Hydro Limited: Snowy Hydro is developing Snowy 2.0 (2,000MW PHES), the largest pumped hydro project in Australia. As the dominant Australian PHES developer/operator with deep engineering and project finance capabilities, it is a directly comparable peer to BE Power in PHES project development.
• Hydro Tasmania: Hydro Tasmania operates Australia's largest portfolio of hydroelectric generation and PHES assets (including Tarraleah and other schemes), making it a directly comparable peer in utility-scale hydropower and pumped hydro operations within Australia.

Regional players

• Meridian Energy: Meridian Energy operates New Zealand's large-scale hydroelectric generation portfolio including PHES at Benmore. It is a comparable peer as a regional renewable developer with utility-scale PHES expertise, though operating in a different geography than BE Power's Australian focus.

Broad incumbents

• Iberdrola Australia: Iberdrola operates in Australia through Iberdrola Australia / AVANGRID Renewables, holding operating wind, solar, and battery storage assets at utility scale. It is a broad incumbent overlapping with BE Power in utility-scale renewable generation development and operations.
• EnergyAustralia: EnergyAustralia is a major Australian gentailer (generation + retail) with significant renewable and storage assets, including involvement in utility-scale battery and pumped hydro projects. It is a broad incumbent that overlaps with BE Power in dispatchable generation and grid stability services.

Emerging players

• Fortescue Future Industries: Fortescue Future Industries is an emerging Australian green energy developer pursuing large-scale renewable hydrogen, solar, wind, and storage projects globally. As an emerging player with similar scale ambitions in green infrastructure development, it is a comparable peer to BE Power in Australian renewable project origination.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Customer concentration

• LinkedInlinkedin.com/company/be-power-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 BE Power Group