BlackRock, Akaysha Seal Risk Hedging for 155-MW/300-MWh BESS

• Akaysha Energy, owned by BlackRock Inc's Infrastructure business, has entered into a 10-year revenue swap and risk hedging deal for a 155-MW/300-MWh Lithium Iron Phosphate (LFP) cell technology Energy Storage System to be installed in Hopeland, Queensland. Mitigate revenue risks and expand the project in the future.

Akaysha Energy, owned by a fund managed by BlackRock Inc's Infrastructure business, has entered into a revenue swap and risk hedging deal with climate risk transfer platform Re2 Capital Ltd. The 10-year agreement is for the 155-MW/300-MWh Ulinda Park Battery Energy Storage System (BESS) to be installed in Hopeland, Queensland. It will enable Akaysha to mitigate revenue risks related to the project, by providing a balance of contracted and unhedged revenue. The Lithium Iron Phosphate (LFP) cell technology system is due to begin operations in 2025 with development approval already granted by the Western Downs Council. Akaysha may expand the project further in the future.

What is Akaysha's 10-Year Deal?

• The 10-Year Deal agreement between Akaysha Energy and Re2 Capital is to provide revenue swap and risk hedging services for the 155-MW/300-MWh Ulinda Park Battery Energy Storage System (BESS).
• Akaysha will benefit from a balance of contracted and unhedged revenue to mitigate risks related to the project.
• The Lithium Iron Phosphate (LFP) cell technology system is due to begin operations in 2025 with development approval granted by the Western Downs Council.
• Akaysha has the potential to expand the project further in the future.