EnergyAustralia enters a 12-year virtual toll offtake agreement for Akaysha Energy's Orana BESS.

Type: Offtake · Technology: Storage · Country: Australia · Capacity: 200 MW · Announced: 2026-07-01

EnergyAustralia has secured a 12-year 'virtual toll' offtake agreement with Akaysha Energy for its Orana battery energy storage system (BESS). This agreement allows EnergyAustralia to virtually 'charge' and 'discharge' 200 MW of the battery's capacity as a financial product, separate from its physical operation. The virtual tolling product provides EnergyAustralia with access to the market benefits of large-scale battery storage, including fast-response capacity and enhanced flexibility, aligning with its transition to a low-carbon future. This arrangement helps facilitate the financing and construction of battery storage projects, bringing more storage online sooner.

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