Energy Storage

DNV assists in AUD 650M financing deal for Akaysha's Orana energy storage project in New South Wales, Australia21 August, 2024

DNV assists in AUD 650M financing deal for Akaysha's Orana energy storage project in New South Wales, Australia

DNV has been instrumental in securing AUD 650 million (USD 425 million) in financing for Akaysha Energy’s Orana BESS project in Wellington, New South Wales, Australia. This project, featuring one of the largest four-hour batteries globally, will add over 415 MW/1,660 MWh of storage capacity to the National Electricity Market (NEM) when it becomes operational in 2026.

  • Energy