US Giant BlackRock to Invest $1 Billion Into Australian Battery Projects

US Giant BlackRock to Invest $1 Billion Into Australian Battery Projects
The BlackRock logo outside of its offices in New York on Jan. 18, 2012. Shannon Stapleton/Reuters
Daniel Y. Teng
Updated:
0:00

U.S. investment giant BlackRock will invest $1 billion (US$701 million) into Australian battery projects after agreeing to acquire Melbourne-based Akaysha Energy.

Akaysha currently has nine projects across the country, with the most advanced being its 300-megawatt Ulinda battery in the Western Downs region of Queensland.

Daniel Y. Teng
Daniel Y. Teng
Writer
Daniel Y. Teng is based in Brisbane, Australia. He focuses on national affairs, including federal politics and Australia-China relations. Got a tip? Contact him at [email protected].
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