The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Australia: Blackrock-backed developer Akaysha Energy progresses 710MWh of Queensland BESS projects

LinkedIn
Twitter
Reddit
Facebook
Email

Akaysha Energy has taken a Final Investment Decision (FID) on a grid-scale battery asset in Queensland, while another of its projects in the Australian state has achieved a key grid code compliance.

Energy storage developer Akaysha Energy – which is owned by major investment group Blackrock – announced via business networking site LinkedIn this week that its 205MW/410MWh battery energy storage system (BESS) in Brendale, a suburb of Queensland’s capital Brisbane, has reached its FID.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The project will be built on a site owned by utility Unitywater and will be equipped with Tesla Megapack BESS units. Engineering, procurement and construction (EPC) duties will be carried out by Consolidated Power Projects (CPP).

CPP said in a separate announcement that its scope of work includes designing and constructing the BESS coupled with a 33kV/110kV substation which will connect to transmission operator Powerlink’s 110kV network through Powerlink’s existing substation at South Pine.

CPP said that the design is already at an “advanced” stage due to an early works agreement having been in place, which means that work on site can begin in March 2024, and CPP expected the first batteries to be energised in July 2025.

The BESS will operate on a merchant basis in the National Electricity Market (NEM), trading its stored capacity in frequency control ancillary services (FCAS), energy arbitrage, contingency and other opportunities.

The NEM, to which Queensland’s electricity grid is connected as well as those of five other Australian states, has been identified as one of the world’s most volatile electricity markets in terms of pricing dynamics, driving a strong business case for large-scale batteries.

Ulinda Park project meets grid performance standards

A day after the Brendale FID announcement, another Akaysha Energy project in Queensland was revealed to have taken a key step forward.

Generator Performance Standards (GPS) approval has been granted for Akaysha Energy’s 150MW/300MWh Ulinda Park BESS, in Queensland’s Western Downs region. The developer took its FID on Ulinda Park a couple of months ago.

GPS are specific performance standards all generators must adhere to and are included in the register of standards held by the Australian Energy Market Operator (AEMO), which oversees the NEM and Australia’s other major electricity markets.

The standards are considered to be particularly stringent by international standards. Approval was announced by Akaysha Energy together with US-based BESS system integrator Powin Energy and power conversion system (PCS) maker Eks Energy.

Powin will be supplying and integrating the BESS at Ulinda Park, just as it is supplying and integrating BESS equipment for Akaysha Energy’s most famous project, the 850MW/1,680MWh Waratah Super Battery in New South Wales. Consolidated Power Projects is also working on those other two in addition to Brendale, which of course has a different BESS supplier.

Powin bought Eks Energy in 2022 and in fact Powin leadership has said its acquisition of Eks was largely due to the Spain-headquartered power electronics manufacturer’s expertise with inverters for weak grid or grid edge environments, which would be an advantage in designing projects to meet Australia’s strict grid codes. Incidentally Hitachi Energy recently swooped to acquire a controlling stake in Eks, although Powin is thought be retaining a “significant ownership stake”.     

Akaysha Energy recently also entered a partnership with Japanese conglomerate Itochu, with the pair seeking to work on grid-scale projects in Japan’s nascent battery storage sector. In addition to Ulinda Park and Brendale, Akaysha is also developing Wurdong BESS, a third project in Queensland, which it plans to equip with up to 400MW/1,600MWh of batteries.

Energy-Storage.news’ publisher Solar Media will host the 1st Energy Storage Summit Australia, on 21-22 May 2024 in Sydney, NSW. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

Read Next

February 12, 2024
Equis Australia and the State Electricity Commission have secured AU$400 million in financing for their Melbourne Renewable Energy Hub (MREH) battery storage project.
February 9, 2024
Spain-headquartered Ingeteam has landed a deal to provide power conversion system (PCS) equipment for a solar-plus-storage in Chile with, according to its developer Grenergy, the world’s largest BESS.
January 23, 2024
The government of Queensland, Australia, will invest in 48MW/96MWh of distributed battery storage and trial the use of flow batteries to integrate rooftop PV generation into local networks.
January 17, 2024
An official opening took place this morning for the new vanadium flow battery electrolyte factory in Western Australia build by Australian Vanadium (AVL).
January 16, 2024
Australia runs a great risk of failing to meet its ambitious but achievable renewable energy goals, writes Stephanie Bashir, CEO of Nexa Advisory, who explains why utility-scale energy storage is among the crucial tools in the country’s energy transition toolkit.

Most Popular

Email Newsletter