Energy Storage News•about 15 hours ago
BlackRock-backed Akaysha Energy weighs funding options for battery storage expansion
Key Takeaway
This development underscores the accelerating investment in grid-scale battery storage, promising enhanced grid stability and new opportunities for developers and large power consumers.
AI Summary
- •BlackRock-backed Akaysha Energy is actively seeking additional funding, including a potential minority stake sale, to expand its battery energy storage operations.
- •This move signals continued strong investor confidence and growth in the grid-scale battery storage market, indicating more capacity will come online.
- •For developers, this highlights active M&A and financing opportunities within the storage sector; for large power consumers, it suggests increasing grid flexibility and potential for future PPA structures.
Topics
financingm&astorage
Article Content
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.