Powin, a global energy-storage platform provider, and Akaysha Energy, an Australian battery-storage developer, have penned a partnership framework agreement through which Powin will deploy more than 1.7 gigawatt-hours of energy-storage systems over the next two years.
This marks Powin’s entry into one of the largest and most sophisticated energy markets in the world.
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 has pledged to commit more than A$1 billion ($700 million) of capital to support Akaysha’s development of battery-storage assets in Australia.
“This partnership is a key milestone as we expand our footprint globally and invest in new regions,” said Geoff Brown, CEO of Powin. “Powin has spent the last decade developing our product in order to bring the benefits of clean and reliable electricity to