Erku energy storage power supply

Who is EKU energy?

Macquarie Asset Management’s portfolio company Eku Energy develops, builds and actively manages energy storage assets to enable reliable, clean energy supply. Given the essential role that battery energy storage systems (BESS) play in the energy transition, demand for them is rapidly rising.

Why is EKU energy a good investment?

Ultimately, this strengthens grid resilience and enables a higher penetration of renewable generation in energy systems. In 2022, Macquarie Asset Management launched Eku Energy, amalgamating its existing activity in battery storage to create an energy storage business with a global portfolio of utility-scale projects.

How will EKU energy support the energy transition?

Eku Energy will support the energy transition by helping to increase renewable energy capacity in the grid and providing the dispatch-able clean power needed to ensure safe, reliable, and sustainable energy supplies. Macquarie Asset Management’s Green Investment Group has today launched global battery storage platform Eku Energy.

Where is the Hirohara battery energy storage system located?

Thank you. The Hirohara Battery Energy Storage System (BESS) is located in Oaza Hirohara, Miyazaki City, Miyazaki Prefecture. The 30MW/120MWh battery is Eku’s first in Japan, and the company has agreed a 20-year offtake agreement for the project with Tokyo Gas.

Who owns the battery storage facility in Japan?

Project financing has been arranged by MUFG Bank representing the first battery storage project they have arranged finance for in Japan. Under the offtake agreement, Eku Energy will own the BESS while Tokyo Gas will own 100% of its operating rights for 20 years, with Eku Energy responsible for the ongoing maintenance of the facility.

How many MWh will EKU energy have?

Upon completion of the launch in all proposed jurisdictions, Eku Energy will have 190 MWh of flexible storage capacity under construction and a further development pipeline of more than 3 GWh across the United Kingdom, Australia, Japan, and Taiwan.