Akaysha Energy

Exciting news for the whole Akaysha team with achievement of contractual on $650m of non-recourse debt and signing a 200MW virtual toll with EnergyAustralia for our Orana BESS, the largest 4 hour battery in the NEM at 415MW/1660MWh. 🔋 🔋 🔋 🔋 Congrats to our key partners in helping reaching this milestone - Tesla, Consolidated Power Projects Australia Pty Ltd, EnergyAustralia - and the bank group supporting us - ANZ, Commonwealth Bank, Westpac, BNP Paribas, CIBC, DBS Bank, ING, Mizuho, Rabobank, Siemens Financial Services and Sumitomo Mitsui Banking Corporation – SMBC Group. 🙌 🙌 Thanks too to our advisors: financial advisor Azure Capital and legal advisors Ashurst, Allens and King & Wood Mallesons as project, borrower's and lenders' counsel. 👊 👊 #energytransition

Today, Akaysha announces it has secured the largest BESS financing globally at A$650 million, together with innovative virtual toll offtake with EnergyAustralia: ▪ Akaysha’s #Orana BESS is the largest BESS (four-hour) in the National Energy Market at 415MW/1660MWh ▪ Akaysha has now attracted A$3 billion of aggregate investment into energy storage projects in Australia ▪ Orana BESS is supported by a AEMO Services Long-Term Energy Service Agreement with the NSW and Commonwealth Governments ▪ Orana BESS has secured a twelve-year innovative ‘virtual toll’ offtake agreement with EnergyAustralia ▪ Orana BESS will use Tesla Energy Megapack as its battery technology ▪ Balance of Plant (BoP) to delivered by Consolidated Power Projects Australia Pty Ltd A big congratulations to all involved! 🔋 Learn more: https://lnkd.in/gnJNcFYy

Join us at the upcoming Clean Energy Council, Australian Clean Energy Summit #ACES as Managing Director and Chief Commercial Officer, Paul Curnow joins a panel of leaders including Malcolm Turnbull AC, to discuss one of the most important topics when considering energy storage systems: Value streams for large-scale storage 🔋 As uptake of energy storage accelerates, so too are the service markets available to provide new revenue streams. This session will explore some of the emerging trends in value stacking and how they can be harnessed to support project viability. ⚡Value Streams for large-scale storage     Day 2 | 17 July     11:30 am     ICC, level 2 ▶ https://lnkd.in/geQ5WsmY

Testing is underway for the Waratah Super Battery!   Our Waratah Super Battery and Technical Services teams recently visited Akaysha Energy’s Test Bench at Consolidated Power Projects Australia Pty Ltd depot in Sydney.   The Test Bench is where Akaysha demonstrates the systems that will make the battery work in its capacity as a System Integrity Protection Scheme service when it goes live next year.   It includes a control room, a power conversion system by eks Energy, a Powin energy battery energy storage system and real-time power management with the Power Plant Controller.   The visit gave us an opportunity to simulate the operation of the features that the Waratah Super Battery will use, and is a look ahead for this project that is critical for NSW’s energy reliability.

This week Consolidated Power Projects Australia Pty Ltd & Akaysha Energy hosted Mates in Construction at the EnergyCo #Waratah Super Battery, where they provided the Mates General Awareness Training to the workforce, along with lunch ensuring the team were refueled and ready for another big day on site. 🔋 The MATES program is based on the simple idea that suicide is everyone’s business. If the building and construction industry in Australia is to improve the mental health and well-being of workers and reduce suicide, then it cannot be left to mental health professionals: everyone in the industry must play their part. Mates helping Mates. 🤝 NEED A CHAT? 1300 642 111.

From next year the world's most powerful battery, the Waratah Super Battery, will be fully operational, and we need a robust risk and compliance framework to govern it. Have you got what it takes to set it up? 🔋 This position will develop, maintain and proactively manage a risk & compliance framework for Akaysha's operating portfolio of BESS Projects. The initial region of focus is Australia, however responsibilities will expand to include global coverage in the future. 👉 enquire within: https://lnkd.in/gYXNkG7f #akaysha #jobs #hiring #energy

Are you looking to be part of the renewable energy transition? Akaysha Energy are looking for a Site Manager to look after our state-of-the-art BESS assets in South-East Queensland. The role offers a high level of responsibility, leadership and ownership in how these assets are run. Please apply if you are interested.

Two #Akaysha leaders will feature at this week's #AEW2024, presenting on the following key topics: 📢 KEYNOTE: Tweaking the current regulatory system to encourage more energy storage with batteries. Pan Galanis ◾ Unlocking additional BESS revenues through network services ◾ Streamlining the connection process for efficiency ◾ The impact of CIS for storage projects and uncertainty of coal closures ◾ Amendments of the Market Price Cap 🔋 PANEL DISCUSSION: How can batteries best support a faltering energy transition? Paul Curnow ◾ Are Australian regulators and forecasters underestimating the role batteries can play in avoiding blackouts, balancing supply and demand and smoothing out volatile prices? ◾ How realistic is the idea that batteries replace coal plants in firming wind and solar? ◾ Why are the longer duration battery projects lagging behind energy security needs, and can flow batteries fill the gap? ◾ What are some of the solutions to supply chain issues for big battery developments? ◾ How important are FCAS, offtake agreements and arbitrage to the financing of battery projects? 🗓 Thursday 13 June ⚡ https://lnkd.in/gpKfAwKr #AEW2024 #Melbourne #Transition

Home to #Australia’s only 200% renewables target, Tasmania is hosting the state's most important Energy Development night of nights. Join us and our Technical Development Manager, Duwayno Robertson in #Devonport, as he presents on Akaysha Energy's first Tasmanian project, Palmerston BESS. 🔋 Delivering the Palmerston BESS Day 2 | 6 June 13:00 🈁 https://lnkd.in/gGWKF5G #Tasmania #Energy #BESS

Join us at the upcoming Clean Energy Council, #Australian Large-Scale Solar & Storage Summit and hear from our Development Manager, Tanzia Matotek and panel as they discuss one of the most important topics when considering energy storage systems: Planning for the Future: Challenges in BESS Development 🔋 This session will provide an insight into BESS projects and the challenges they sometimes face, including community concern, risk and regulatory challenges. This session will explore the balances involved in managing the these challenges for #BESS projects. ⚡Planning for the Future: Challenges in BESS Development Day 2 | 05 June 11:00am #CEC #energy #BESS #community #Brisbane