BESS is the fastest-moving asset class in European energy — and the hardest to finance well. Revenue stacks are complex, merchant exposure divides investment committees, and half the pipeline will never reach financial close. We raise debt and equity for the projects that will.
How a BESS project earns determines how it can be financed. We structure raises around the revenue stack — not despite it.
Fixed capacity payments from a single offtaker. The most bankable structure in the market today — supports the highest leverage and the tightest pricing from senior lenders.
Wholesale arbitrage and balancing revenues. Higher returns, wider investor filter. We know which funds genuinely underwrite merchant risk — and which only say they do.
Contracted capacity payments layered under merchant upside. The hybrid stack most German and UK projects now take to committee.
Frequency response and grid services — high-value, saturating fast. We model saturation into the case before an investor does it for you.
| Stage | What we raise | Typical providers |
|---|---|---|
| Late development | Development capital, bridge facilities, partner equity for grid deposits, permitting and procurement. | Specialist development investors, family offices, strategic partners |
| Ready to build | Construction debt and project equity; EPC and BESS supply structuring alongside the raise. | Infrastructure funds, banks, credit funds |
| Construction → COD | Term conversion, revenue contracting (tolls, floors), co-investment for portfolio scale-up. | Institutional lenders, insurance capital |
| Operations | Refinancing, portfolio sales, bond and securitisation structures for aggregated assets. | Pension capital, bond investors, core infra funds |
BESS investment criteria vary more than in any other renewable class — duration, market, revenue mix, stage. Broadcasting a BESS teaser wastes it. We shortlist investors whose mandates actually fit.
Since 2010 we have closed development, construction, refinancing and M&A mandates across renewables. That structuring depth transfers directly to storage's more complex stacks.
We are paid when your project funds. If we don't believe your revenue case survives committee, we tell you before the market does.
Send the essentials — capacity, duration, market, grid status, revenue strategy, capital sought — and a partner will respond within two working days with a view, not an autoreply.