Investment Associate

BW ESS is a grid-scale energy storage owner-operator moving with speed to develop, build and operate market-leading battery projects. Our experience spans the development, delivery, and operation of major energy storage projects, working alongside best-in-class developers, suppliers, contractors, and financial institutions. As an active investor with development exposure, BW ESS has a strategy to hold assets for the long-term, taking a hands-on approach to unlock value throughout the energy storage asset lifecycle.

We are operational in the UK and Sweden, and active in Italy, Germany, Spain and Australia. We grow through partnerships with strong local developers and leverage BW Group's capital strength, supply-chain reach and decades in energy infrastructure. Our global development pipeline is ~9.5GW; in Australia we are advancing >2.6GWh of BESS opportunities.

Role Purpose

As BW ESS expands its Australian portfolio of battery energy storage projects, this Investment Associate role will play a key part in originating, evaluating and executing transactions across development, acquisition and capital recycling opportunities.

This is a commercially focused role with end-to-end transaction exposure. You will lead financial modelling and investment analysis, but also take ownership of structuring transactions, managing counterparties and supporting negotiations. Working closely with the Investment Director and global investment teams, you will help shape the Australian investment strategy, secure funding, and deliver disciplined capital deployment to maximise risk-adjusted returns.

Key Workstreams

Investment Execution & Financial Leadership

• Lead the development and maintenance of advanced financial models for utility-scale BESS projects.
• Drive detailed project valuations (DCF, IRR, NPV) to support investment, divestment and financing decisions.
• Structure transactions across acquisitions, joint ventures and capital recycling processes.
• Prepare and present investment committee materials, board papers and investor presentations.
• Lead due diligence workstreams, coordinating internal technical, grid and commercial teams.
• Support negotiation of key transaction documents including SPAs, DSAs, shareholder agreements and joint development agreements.

Market & Commercial Strategy

• Analyse National Electricity Market (NEM) dynamics, including energy pricing, FCAS, capacity mechanisms and evolving market reforms impacting BESS revenues.
• Translate market insights into commercial structuring decisions and investment strategy.
• Assess regulatory developments, connection risk and revenue optimisation pathways.
• Work closely with engineering and development teams to align commercial strategy with project design and grid strategy.

Capital & Stakeholder Engagement

• Engage directly with investors, lenders and strategic partners throughout financing and transaction processes.
• Support capital raising initiatives including debt and equity processes.
• Evaluate investor proposals and provide recommendations on transaction structure and counterparties.
• Manage external advisors (legal, technical, financial) to ensure timely and high-quality execution.

Portfolio Strategy & Business Partnering

• Partner with senior leadership to prioritise the Australian investment pipeline and capital allocation.
• Provide commercial insight into development-stage projects to optimise value ahead of FID.
• Contribute to broader portfolio strategy, including divestment timing, partnership structuring and growth initiatives.

Candidate Profile

• Degree qualified in finance, economics, engineering or a related discipline.
• Experience within infrastructure, energy, renewables, private equity, investment banking or advisory.
• Advanced financial modelling capability with strong commercial judgement.
• Proven ability to take ownership of transactions from evaluation through execution.
• Strong understanding of the Australian National Electricity Market (NEM) and revenue frameworks relevant to BESS.
• Experience engaging with investors, lenders and external advisors.
• Confident communicator, able to articulate complex commercial and financial concepts to senior stakeholders.
• Comfortable operating in a lean, high-accountability environment with significant autonomy.

How We Work

Lean, talent-dense teams. Flexible people over fixed structures. Context over control. Results over process. Transparent, direct feedback. If you value high accountability and moving quickly to accelerate the energy transition, you will be at home here.