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.

Developer Jupiter Power has begun operating a battery storage project in Houston which CEO Andy Bowman claimed is “the first of its scale” in the Texas, US city.  

Akaysha Energy has started constructing its 205MW/410MWh Brendale BESS in Queensland, Australia.

Recurrent Energy, project development subsidiary of Canadian Solar, has secured a US$500 million equity investment from Blackrock.

Blackrock-owned developer Akaysha and Japanese conglomerate Itochu have entered into a strategic alliance to develop battery storage projects in Japan.

Developer Jupiter Power has announced US$70.4 million in loan financing for two battery storage projects in ERCOT, Texas, arranged by First Citizens Bank.

The broader portfolio and management team are critical to securing investment for individual energy storage projects, said senior figures at asset managers Blackrock and Impax.

Akaysha Energy has been selected for the Waratah Super Battery project in New South Wales, with Powin Energy as key equipment supplier.

A real estate and infrastructure investment arm of BlackRock has committed to investing US$700 million into Akaysha Energy’s pipeline.

FreeWire Technologies, a battery-integrated EV charging solution provider, has raised US$125 million in new capital from global asset manager BlackRock and other investors.