Carlyle, a prominent global investor, has restructured Amp Energy's Australian and UK projects businesses into a new entity named Revera Energy. Following a recapitalization deal, Revera Energy, supported by Carlyle's infrastructure arm, is actively engaged in various renewable energy projects. These include the construction of the Bungama battery project in South Australia, with plans for additional batteries, solar, wind projects, and the early-stage Cape Hardy Green Hydrogen Project. Richard Hoskins, Carlyle Infrastructure Group's managing director, chairs the new entity, embracing a new growth phase and enhancing existing project commitments. Revera Energy's UK projects include late-stage battery projects, while in Australia, it undertakes major solar and battery projects in South Australia and operates solar farms in New South Wales. The move showcases Carlyle's strategic expansion into the Australian battery development sector, in line with similar endeavors by global competitors like Brookfield and Blackrock. The development of Revera Energy underscores a positive sentiment towards renewable energy and diversification into hydrogen technology.