Global infrastructure investor I Squared Capital has launched ANZA Power, a next-generation independent power producer (IPP) in Australia and New Zealand.
BlackRock-backed Akaysha Energy has commenced operations at its 205MW/410MWh Brendale battery energy storage system (BESS) in Queensland, Australia, delivering the project close to five months ahead of the original schedule.
A staggering total of 18GW/65GWh of large-scale BESS came online in China last month, accounting for a quarter of the total capacity deployed across the globe in 2025.
Two pumped hydro energy storage (PHES) projects have been submitted for approval under Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
BlackRock-backed developer Akaysha Energy is reportedly considering options to raise additional funds, including selling a minority stake, to support the expansion of its battery energy storage operations.
While coal and gas power plants grapple with cost increases, Australia’s battery storage sector delivers a different story, with costs plummeting across all durations.