ENERGY STORAGE

Akaysha Energy gets green light for 200MWh Australian battery

January 30, 2024

Battery storage developer Akaysha Energy has received approval for a 100MW/200MWh battery in Palmerston, Tasmania in Australia.

The two-hour battery – which was given the green light by the Northern Midlands Council, the responsible authority – will be built next to the Palmerston substation, near the town of Poatina which is about 50 kilometres south of Launceston in the central lakes district of the island.

Akaysha, which is owned by US investment company BlackRock, is aiming to reach financial close on the project in early 2025, with construction scheduled to begin shortly after. The aim is for the project to begin commercial operation in early 2027.

Akaysha considers the Palmerston site ideal for a battery storage project, in part due to the fact it is a “significant distance” from the closest dwellings, is relatively flat from a topographical perspective, and has “low flora and fauna values due to historic agricultural land use”.