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.

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.

DSD Renewables, a solar PV and energy storage developer owned by Blackrock Real Assets, has acquired a six-site community solar-plus-storage greenfield project portfolio with 45 MW of solar and 88 MWh of battery energy storage systems (BESS) in Massachussets, USA.

US$300 million in new funding from Manulife Investment Management will enable CleanCapital, a clean energy investment platform mostly focused on distributed solar, to also provide “long-term, flexible capital” to energy storage developers.

BlackRock has amassed over US$1 billion in its efforts to raise capital for its latest fund for global renewables, the third of a series it launched in 2011.