“Ulinda Park is now delivering fast frequency response and energy shifting in the NEM, improving system stability and giving us the flexibility to respond to market signals,” said Feri Hamori, chief operating officer at Akaysha Energy.
“With a standardised platform in place and a strong services solution, we are well-positioned to build on this performance as our footprint expands.”
Construction on the project began in late 2023, following a final investment decision secured through a 10-year revenue swap deal with Re2, a provider of backstops for power purchase agreements and revenue hedging structures. The arrangement allows Akaysha to operate and trade the asset in the NEM while receiving contracted revenues from Re2.
Ulinda Park’s location leverages existing grid infrastructure that previously served fossil fuel generation in the Western Downs, with the site connecting to a substation hub also used by other battery storage developers, including utility CS Energy.
An expansion phase will add a further 195MW/780MWh, taking the site’s total output to 350MW and storage capacity to 1,078MWh after Ulinda Park secured a contract under the Australian federal government’s third Capacity Investment Scheme (CIS) tender round.
