NSW to fund accelerated grid-connection of 2 GW of batteries
May 23, 2024 8:57 CESTItochu, BlackRock's Akaysha to partner in utility-scale batteries
Rendering of the Waratah Super Battery. Image: Powin Energy.
Japan's Itochu Corp (TYO:8001) and Akaysha Energy Pty Ltd, the BlackRock Inc (NYSE:BLK)-backed Aussie battery energy developer, entered into an agreement to cooperate on their utility-scale energy storage business.
The strategic alliance is looking to develop high-performance and efficient systems as well as the joint development of energy storage plants in Japan and overseas business, including Australia, Itochu said on Friday.
At present, Akaysha is developing the 850-MW/1,680-MWh Waratah Super Battery (WSB) project in New South Wales. The company, which received investments from BlackRock's Global Renewable Power Fund last year, aims to develop more than 10 GWh of energy storage plants. Its partner, Itochu, has more than 600 MWh of batteries installed in Japan and abroad under its residential and industrial energy storage business sector.
More stories to explore
Amp advances 10-GW green fuels project at Cape Hardy
May 22, 2024 9:07 CEST
Ausgrid powers up community battery in New South Wales
May 22, 2024 7:34 CEST
Countrywide Hydrogen wins funding for 10 MW of Tasmania electrolysers
May 21, 2024 7:14 CEST
Brookfield in talks to acquire Australia’s Windlab - report
May 20, 2024 11:08 CEST
Plug lands 3-GW BEDP contract for Australian green ammonia project
May 17, 2024 8:43 CESTShare this story
Tags
About the author
