Grid-Scale Storage · Industrial Control Protection

Developing grid-scale battery storage, and protecting the systems that run it

Project development from origination to a bankable package across Europe and Australia, an orchestration layer for assets in operation, and industrial control protection for infrastructure that cannot be switched off.

Three capabilities,
one platform

Project development across two complementary grid systems, the orchestration layer that dispatches an asset once it is built, and the industrial control protection that critical infrastructure is now required to hold.

BESS Project Development

Site origination, grid connection studies, environmental permitting and interconnection agreements, through to a ready-to-build package suitable for financial close. Core markets are the Nordics, the Baltics and Poland, alongside Australia's National Electricity Market, with origination across the wider European market.

Asset Orchestration Platform

An orchestration and execution layer for battery assets. Algorithmic bidding across 5-minute and 15-minute settlement cycles, revenue stacking across FCR-N, FCR-D, aFRR, mFFR and FCAS, spot and intraday trading, and investor-grade performance reporting. Offered under licence.

Industrial Control Protection

Endpoint hardening for operational technology across energy, oil and gas, telecoms and transport. Substations, battery sites, inverters, rigs and pipelines, core network sites, terminal and rail automation. Instead of blocking what is already known to be dangerous, the approach defines what a machine is permitted to run and refuses everything else. Sold independently of where we develop.

How we create value

The capital stack a project needs, the three things we do to it, and the gates it passes through on the way to ready-to-build.

Capital Sources
Development Capital
Pursuit funding that carries a project through the gates, ahead of construction finance. This is the stage most capital will not touch.
Debt & Project Finance
Senior and mezzanine facilities structured around contracted revenue streams and SPV ring-fencing at financial close.
Strategic Co-investors
OEM, utility and grid-operator capital contributed alongside a commercial agreement rather than on financial terms alone.
Develop
Site origination to shovel-ready
Site identification, grid connection studies, environmental permitting, TSO/DSO interconnection agreements, and technical feasibility. Meridian takes projects from greenfield origination to a bankable package ready for financial close.
Grid Studies Permitting TSO/DSO Liaison Bankable Feasibility
Revenue Development fees + promoted interest at financial close
Structure
SPV · Finance · Contract stack
SPV design, equity and debt structuring, EPC and O&M contract negotiation, revenue contract stack (capacity market, ancillary services, PPA). Meridian bridges technical project risk and institutional capital requirements.
SPV Design Project Finance EPC/O&M Contracts Revenue Contracts
Revenue Arrangement fees + equity co-invest + success fees at financial close
Manage
Asset management after COD
Once an asset reaches commercial operation, Meridian can carry the asset-management mandate: dispatch optimisation across ancillary service markets through the orchestration platform, revenue stack management, regulatory compliance, and structured investor reporting across the asset lifecycle.
Dispatch Optimisation Revenue Management Regulatory Compliance Investor Reporting
Revenue Management fee + performance carry, where the mandate is taken
How We Develop
Gate 1 · Origination
Screen and secure
Node and hosting-capacity screening, landholder engagement, land control, and an early view on curtailment and revenue exposure.
Gate 2 · Connection
Studies and application
Grid connection application, system studies, and TSO or DSO negotiation. The longest and least forgiving stage in most markets.
Gate 3 · Permitting
Consent and approvals
Planning consent, environmental approvals, and the technical compliance package the connection agreement depends on.
Gate 4 · Ready to build
Bankable package
EPC and equipment selection, contract stack, and a de-risked package that can be taken to financial close or sold on.
Grid Revenue Streams
Frequency containment reserve (FCR-D)
FCAS – 6-second to 60-second
Wholesale energy arbitrage
Capacity market payments
Voltage / reactive power support

Protecting what
cannot be switched off

Every operator runs two networks. One carries information and takes most of the security budget. The other runs the physical asset, and standard security does not fit it. We protect the second one, across energy, oil and gas, telecoms and transport.

They cannot be patched

Industrial equipment runs for fifteen to twenty years. Taking it offline for an update means taking production offline.

They cannot be online

Many sites are isolated from the internet by design. Protection that needs a cloud connection does not function there.

They cannot spare capacity

Controllers and gateways run on deliberately thin hardware. Conventional security software slows or stops the process.

They cannot recognise the new

Detection tools look for threats somebody has already catalogued. The attacks that matter here are the ones nobody has seen.

Assume the attacker gets in.
Make sure nothing they bring can run.

Define what is allowed. Deny everything else.

Traditional security blocks what it already knows is dangerous, but that list is always out of date. We invert it: if a file is not on the approved list, it does not run.

Establish · at deployment

The solution learns the software the machine legitimately runs, and locks that picture in place.

Enforce · in operation

Only that software is permitted to execute. Anything else is refused and recorded.

Intercept · under attack

Attempts to misuse permitted software are blocked as they happen, before damage occurs.

No update treadmillProtection does not depend on daily signature files, so there is no recurring maintenance window to negotiate.
Works fully offlineComplete protection in isolated and air gapped environments, with no dependency on an external connection.
Accepts legacy systemsCompatible with the older operating systems still running across most industrial estates today.
Deploys without downtimeInstallation does not require the process to be halted, which removes the usual reason these projects stall.

The deadlines are already set

The pressure to act is not commercial. It comes from instruments already in force, each binding a different party.

EU Network Code on Cybersecurity
European Union · binds operators
Commission Delegated Regulation (EU) 2024/1366, adopted 11 March 2024, in force 13 June 2024.
NIS2
European Union · binds operators
Directive (EU) 2022/2555. In force. Energy and digital infrastructure within scope.
Cyber Resilience Act
European Union · binds manufacturers
Regulation (EU) 2024/2847. Reporting obligations from 11 September 2026, main obligations from 11 December 2027.
SOCI Act and AESCSF
Australia · binds operators
Security of Critical Infrastructure Act 2018, with risk management obligations for responsible entities and energy sector maturity measured against the AESCSF.
NCA OTCC-1:2022
Saudi Arabia · binds operators
Mandatory for critical national infrastructure, with ECC-1:2018 as a prerequisite.

Scope and applicability vary by entity and jurisdiction. Your own position should be confirmed before relying on any single instrument.

The technology is developed by a United States headquartered manufacturer listed on Nasdaq, specialised in high performance computing and protection for critical systems.

Meridian holds the reseller mandate: the introduction, the commercial structure, and coordination of technical delivery through certified partners. Warranties sit with the manufacturer, contracted directly with the end client.

This offer is not tied to our development geography. It applies wherever industrial control systems run: substations, rigs and pipelines, core network sites, terminal and rail automation.

Give us 45 minutes with your OT team.

No cost, no obligation. Remote or on site. We bring our engineer, and you will know by the end of it whether it is worth an assessment.

Start a Conversation

A dual-region structural hedge

Two grid systems on opposite hemispheres, with uncorrelated seasonality and different revenue drivers. European frequency reserve and capacity markets on one side, solar-driven price volatility across Australia's National Electricity Market on the other. The four below are where we work today; origination runs across the wider European market.

Nordics

Finland and Sweden

FCR-N · FCR-D · aFRR

Baltics

Estonia, Continental Europe area

Post-desync · Reserves

Poland

Capacity market and reserves

Coal transition

Australia

National Electricity Market

FCAS · Arbitrage

Battery storage on the rise

Independent data confirms the structural shift Meridian is built to capture. The figures below are the IEA’s, not ours.

Battery storage is no longer an emerging technology in search of a market. In 2025 the world added 108 gigawatts of it, around 40% more than the year before, with roughly four-fifths of that capacity utility-scale. Costs have fallen more than 90% since 2010, and installed capacity is now around eleven times what it was in 2021. What was a niche grid-balancing tool a decade ago is now core dispatchable capacity in the markets that moved first.

108GW
Added globally in 2025, up ~40% on 2024
>90%
Fall in battery cost, 2010 to 2025
>90%
Of new capacity now built for energy shifting
~275days
Median build time, fastest flexible capacity there is
Battery storage additions led by Asia, broadening fastNew capacity added in 2025, by region (GW). Global total reached 108 GW, up ~40% on 2024. 0 18 35 52 70 63 +33% China 19 +60% United States ~8 ~9x Australia ~8 Rest of world 6.2 slightly down Europe >3 >3x Middle East ~1 new Chile Source: IEA (2026), based on Benchmark Mineral Intelligence. Licence: CC BY 4.0.

Records, broadening fast. Growth spread well beyond the early leaders. Australia rose almost ninefold and the Middle East more than tripled, driven by Saudi Arabia. Storage is becoming standard infrastructure across very different grids.

Batteries are becoming core dispatchable capacityBattery storage as a share of installed dispatchable capacity (%). 0 5 10 15 20 18% Australia 7% China 5% United States 4% Europe Source: IEA (2026), based on Benchmark Mineral Intelligence. Licence: CC BY 4.0.

From niche to backbone. In Australia, batteries are already around 18% of dispatchable capacity. In California, capacity grew from under 1 GW in 2019 to over 17 GW and now covers more than 40% of state load at peak evening hours.

Energy shifting is now the dominant use caseShare of new battery capacity additions by primary application (%). 0 25 50 75 100 40% >90% Energy shifting 45% ~7% Ancillary services 2015 2025 Source: IEA (2026), based on BNEF. Licence: CC BY 4.0.

The revenue mix is maturing. Early projects chased shallow ancillary markets. Today over 90% of new capacity is built for energy shifting, the same logic behind Meridian’s revenue-stacking approach: assets that earn across several services at once.

Storage is the fastest flexible capacity to buildMedian construction time by technology (years). Permitting and grid connection add roughly 1-2 years more. 0.0 1.8 3.5 5.2 7.0 ~0.6 Solar PV ~0.75 Battery storage >2 Gas >6 Nuclear Source: IEA (2026), based on BNEF. Licence: CC BY 4.0.

Built faster than anything else. A utility-scale battery takes a median of around 275 days to build, against over two years for gas and more than six for nuclear. But total time to market in Europe, the United States and Japan runs to roughly two to two and a half years, because the binding constraint is not construction. It is permitting and grid connection. That gap is the work.

The direction has not turned. BloombergNEF puts 2025 additions at 112 GW / 307 GWh and forecasts 158 GW / 459 GWh for 2026, a further 41% on a megawatt basis. Grid investment cycles are creating site and connection scarcity, and the markets that secure attractive sites and connection positions first will hold the advantage as the sector consolidates around platform-level developers.

Primary source: IEA (29 May 2026), Battery storage is scaling up and taking on a larger system role. Underlying data from Benchmark Mineral Intelligence and BloombergNEF. Licence: CC BY 4.0. Charts recreated by Meridian Energy Services Pte. Ltd. from IEA data. View the original commentary. 2026 forecast: BloombergNEF Energy Storage Outlook H1 2026 (8 May 2026). Figures last verified 31 August 2026.

Built for a structural
inflection point

Meridian Energy Services Pte. Ltd. is a Singapore-domiciled development platform. We work where three things meet: record renewable penetration, grid stability requirements that are becoming mandatory rather than optional, and battery capital costs that have fallen more than 90% in fifteen years.

The founding team brings 65+ combined years across energy infrastructure, critical systems and commercial structuring, spanning Europe, Australia, the GCC and broader APAC. We are a development platform, not an asset owner: our work is taking a site from greenfield to a package that capital can underwrite. The same critical-systems background is what sits behind the security practice.

0
Combined Years
3
Service Lines
2
Core Regions: Europe and Australia

Partnership
opportunities

Whether you are a capital partner looking at development-stage storage, a landholder or asset owner with a site, an EPC partner, or an operator anywhere in energy, oil and gas, telecoms or transport with an industrial control estate to protect, we welcome the conversation.

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Meridian Energy Services Pte. Ltd.
Singapore  ·  info@meridianenergyservices.com