Australian Energy Storage Company Akaysha Is Said to Consider Stake Sale

Australia’s Akaysha Energy Pty is considering options to raise more funds, including selling a significant minority stake, according to people familiar with the matter. The company is valued at over $1 billion and aims to raise several hundred million dollars through this potential stake sale.

The move comes as demand for energy storage solutions increases globally. Akaysha has already raised A$300 million in debt in September and A$460 million in November to fund its battery projects in Australia and other international markets.

BlackRock Inc., which owns a stake in Akaysha, has not commented on the potential stake sale.

Why the Move Happened

The decision to explore a stake sale appears linked to the growing need for energy storage as coal-fired power plants retire across Australia. Nearly 70% of Australia's coal capacity is expected to retire over the next decade, increasing reliance on alternatives like battery storage.

Akaysha has been expanding its pipeline of large-scale battery projects in Australia, Germany, Japan, and the United States. The company's recent debt financing shows its intent to scale operations ahead of potential regulatory and market shifts.

A stake sale could attract new investors looking to capitalize on the energy transition and support Akaysha's long-term growth strategy.

How Markets Responded

The energy storage market is showing strong growth, with several other companies also pursuing expansion. For example, the Indian Gas Exchange is planning an IPO by December 2026, aiming to raise Rs 600–700 crore through the sale of 22% of its equity.

Similarly, Vistra Energy announced an acquisition of Cogentrix Energy's natural gas plants for $4 billion, expanding its generation capacity in key markets. These moves reflect broader industry trends of capital raising and strategic expansion.

The global substation automation market is also expected to grow significantly, projected to reach $82.56 billion by 2035. This trend is driven by grid modernization in China and India, indicating rising infrastructure investment in the energy sector.

What Analysts Are Watching

Analysts are closely following the potential stake sale by Akaysha and other energy companies as indicators of market confidence. The IPO of the Indian Gas Exchange and Vistra's acquisition are seen as test cases for how capital markets respond to energy infrastructure investments.

BlackRock itself is expected to release Q4 2025 earnings on January 15, 2026, with analysts forecasting strong performance. The company's investment in renewable energy projects and its management of global portfolios suggest its continued involvement in energy storage and infrastructure.

Investors are also watching regulatory developments, such as the Australian government's royal commission into the Bondi Beach shooting and its potential impact on public inquiries and national security policies.

Overall, the energy storage and infrastructure sectors are expected to see continued investment and regulatory support, driven by global energy transition goals and increasing demand for cleaner power solutions.