Business

US investment giant BlackRock makes a $1 billion battery play in Australia, acquiring Melbourne startup Akaysha Energy

- August 16, 2022 2 MIN READ

US investment firm BlackRock is acquiring local battery storage developer Akaysha Energy as part of a deal to spend A$1 billion to develop 1GW (Gigawatt) worth of storage feeding into the National Electricity Market (NEM) in Australia. For perspective, that’s more than the power produced by Australia’s largest coal-fired power station, Origin Energy’s Eraring plant (2,880MW),… Read more »

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The Western Australian government bought a Tesla battery for a Perth suburb for residents to store their solar power collectively

- February 11, 2020 < 1 MIN READ

The Western Australian government has decided to tackle power prices and renewable energy at a local level, installing a 464 kilowatt hour (kWh) Tesla battery bank in the Perth suburb of Ellenbrook to store the power from local homes. Around 65 houses with solar panels feeding into the Powerwall battery will be involved in the… Read more »

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Lithium-sulfur batteries could be the next big breakthrough in battery technology

- January 8, 2020 3 MIN READ

Lithium-ion batteries have changed the world. Without the ability to store meaningful amounts of energy in a rechargeable, portable format we would have no smartphones or other personal electronic devices. The pioneers of the technology were awarded the 2019 Nobel Prize for chemistry. But as society moves away from fossil fuels, we will need more… Read more »