MELBOURNE, Australia & PORTLAND, Ore.–(BUSINESS WIRE)–Powin LLC (Powin) a global energy storage platform provider, and Akaysha Energy, a leading Australian battery storage developer announced today 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.
With more than 3 GWh 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…