Startup · $460m raised
battery developer
Melbourne, VIC
Every investor coverage indicates participated in a round Akaysha Energy raised.
The transaction that ended Akaysha Energy's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| BlackRock | Acquisition | 16 Aug 2022 | $1b | RenewEconomy (2 Jun 2026), RenewEconomy (2 Jun 2026), RenewEconomy (15 Jul 2024), RenewEconomy (1 Nov 2023), RenewEconomy (11 Sep 2023), RenewEconomy (18 Oct 2022), Techboard, RenewEconomy (14 Sep 2022), RenewEconomy (17 Aug 2022), Startup Daily |
Companies Akaysha Energy acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Akaysha Energy. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
UK asset manager RSK has bought Cogency, a Melbourne consultancy advising renewable energy developers, adding to a string of Australian and New Zealand acquisitions that now numbers 19 companies.
Akaysha Energy's 415 MW Orana battery in New South Wales has reached commercial operation, with EnergyAustralia taking 200 MW under a virtual tolling deal, lifting the developer's operating storage past four gigawatt-hours.
Competition regulator approval lets Swiss trading giant Gunvor proceed with buying Zen Energy's retail arm and power purchase agreements; terms undisclosed. Article weighs whether the newcomer will challenge Australia's dominant gen-tailers.
The competition regulator has cleared Swiss trader Gunvor to buy Zen Energy's retail arm and linked PPAs; terms undisclosed. The article asks whether the deep-pocketed newcomer will challenge Australia's big three gen-tailers.
KKR will invest up to $603 million in HMC Capital's energy transition arm, funding its first big battery, after HMC bought Neoen's Victorian assets and battery developer Stor-Energy.
Also RenewEconomy
HMC Capital has landed KKR backing of up to $603 million for its new energy platform, unlocking its first grid battery and a multi-gigawatt project pipeline.
Akaysha Energy has completed Ulinda Park in Queensland, its maiden grid-scale battery, while reporting its Waratah project remains at reduced output and that its Elaine development has secured project financing.
Also RenewEconomy
Canadian investor La Caisse has agreed to buy Australian solar and storage developer Edify Energy for $1.1 billion, aiming to fast-track two major hybrid projects, subject to regulatory approvals.
Also RenewEconomy
Australia names 16 battery storage projects as winners of its largest Capacity Investment Scheme tender, totalling 4.13 GW, with EnergyAustralia, Atmos Renewables, Equis, Akaysha Energy and others among the successful bidders.
Akaysha Energy has $650 million from 11 banks and an EnergyAustralia offtake to build its Orana battery in NSW, which it calls the world's largest single-battery investment; BlackRock bought the company in 2022.
Akaysha Energy has given final approval to its Brendale battery beside a Brisbane sewage plant and flagged another huge battery near Gladstone.
Battery firm Akaysha expects four-hour storage to become standard in Australia now that its Orana project has won a national underwriting auction; the piece also recalls BlackRock's 2022 acquisition of the company.
Techboard's monthly roundup tallies August 2022 private funding at $207m across 22 deals, listing the month's raises, BlackRock's acquisition of Akaysha Energy, One Click Life's reverse takeover listing, and several fund closes.
Also Startup Daily
BlackRock's real assets arm is buying New Zealand solar and storage firm SolarZero, with over NZ$100 million committed for growth, weeks after agreeing to acquire Melbourne battery developer Akaysha Energy.
BlackRock's climate infrastructure arm is buying Melbourne battery storage developer Akaysha Energy, planning to spend A$1 billion building 1GW of storage for Australia's grid, with FIRB approval already granted.
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