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AGL advised on major battery storage deal
Energy provider AGL has been advised on a deal with renewables company Vena Energy to develop a new battery storage system.
Jerome Doraisamy
Firm: Herbert Smith Freehills (AGL).
Once complete, “this will be the largest battery energy storage facility in the state”, the firm said in a statement.
Area: Energy and resources.
Value: N/A.
Key players: The HSF team was led by partner Peter Davis, who was assisted by solicitor Michael Trent.
Deal significance: “This transaction marks another milestone in the electricity market’s transition towards “firmed” reliable generation from renewable and low emissions sources. We are delighted to continue our work with AGL in this area”, Mr Davis said.
“This deal may serve as a model to support growing investment in battery storage and other forms of dispatchable generation.”
“We are staring at the dawn of a new age of energy: the dawn of the battery age,” said AGL CEO Brett Redman, who has described storage systems as “pivotal in providing firming capacity in the shift between baseload power and renewables.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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