Powin inks 1.7GWh storage deal with Akaysha

Rendered image of Powin battery storage installation
Image: Powin

Global energy storage platform provider Powin and Australian battery storage developer Akaysha Energy have announced a partnership framework agreement where Powin is to deploy over 1.7GWh of energy storage systems over the next two years.

This partnership with Akaysha represents Powin’s entry into one of the largest and most sophisticated energy markets in the world. As Australia continues to decommission fossil fuel power plants and invest further in renewable power, energy storage is critical in maintaining grid reliability while keeping energy prices low.

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With more than 3GWh of energy storage capacity in its portfolio, Akaysha was recently acquired by a fund managed by BlackRock Real Assets’ Climate Infrastructure business. BlackRock Real Assets recently announced its intent to commit more than AU$1 billion of capital to support Akaysha’s development of battery storage assets in Australia.

“It is critical to have a diverse competitive landscape in the Australian ESS market. Powin’s vertically integrated and flexible business model reduces project cost and risk by having multiple trusted cell suppliers, proprietary software, and an in-house power plant controller,” Akaysha Energy managing director Nick Carter said.

Akaysha partnered with Powin for the performance, reliability and safety capabilities of their Stack product line and StackOS control system. Utilising their StackOS advanced power plant controller, Powin’s engineering team and Akaysha have been working closely for several months and are well advanced in the grid interconnection process including the Generator Performance Standard mandated by Australia’s grid operator required to enter the market and interconnect generation to the Australian grid on initial projects.

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“This partnership is a key milestone as we expand our footprint globally and invest in new regions,” Powin’s CEO Geoff Brown said.

“Powin has spent the last decade developing our product in order to bring the benefits of clean and reliable electricity to the entire world. We are thrilled to partner with Akaysha Energy on this project due to their unrivalled knowledge of the Australian energy market and their team’s extensive track record of bringing jobs and critical infrastructure to help Australia meet their net zero targets.”

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