Battery storage firm Akaysha Energy has secured a long-term offtake deal with global energy group Gunvor Group for Akaysha’s Brendale BESS in Queensland.
Related article: Construction begins on Akaysha’s Brendale Battery
The risk-hedging offtake product, known as a Battery Revenue Swap Agreement, provides revenue certainty for the Brendale BESS while allowing Akaysha Energy to optimise operations and respond to market signals.
Currently under construction, the project is scheduled to commence operations by early-to-mid 2026. The parties have also agreed to investigate similar arrangements for Akaysha’s Japanese Battery storage projects.
Located in Brisbane’s outer Northern suburbs, the grid-forming Brendale BESS will have a capacity of 205MW/410MWh, making it capable of charging from excess solar generation and storing enough energy to power up to 200,000 homes for up to 2 hours.
With this offtake agreement in place, Akaysha’s total contracted capacity across its portfolio of four assets in construction now exceeds 1.6GW.
Akaya Energy managing director and chief commercial officer Paul Curnow said, “This offtake with Gunvor highlights the growing sophistication of financial products Akaysha is developing with its partners to support Australia’s evolving energy landscape.
Related article: Akaysha Energy: Powering Australia’s renewables transition
“The partnership ensures revenue certainty for Brendale BESS while preserving the flexibility needed to adapt to market dynamics. It’s an essential step in advancing large-scale battery projects like ours, which are critical for strengthening grid stability, ensuring long-term reliability, and supporting the transition as coal-fired power stations retire.”
