BlackRock announced the acquisition of Australian battery energy storage systems and renewable energy developer Akaysha Energy by its BlackRock Real Assets division, with plans to commit over AUD1bn to support the development of more than 1GW of battery storage assets across Australia. Founded in 2021, Akaysha provides a range of services for the development of Battery Energy Storage Systems (BESS) and renewables projects, spanning early-stage project development and finance and investment solutions through to the delivery through management of complex assets. The company aims to expand to future energy storage projects in other Asia-Pacific markets and to grow its portfolio by adding other renewable energy opportunities, including the development of green hydrogen assets.

Source: ESGToday