Energy Insiders - a RenewEconomy Podcast The making of Australia's biggest battery
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Aug 4, 2025 Nick Carter, CEO of Akaysha Energy, leads large-scale battery storage projects in Australia. He discusses the monumental Waratah Super Battery, detailing the challenges faced in construction, from weather issues to financial hurdles. The conversation delves into the evolving battery technology landscape, highlighting innovations in power transmission and the skills needed for a renewable energy transition. Carter also addresses community dynamics around energy projects and the economic implications of upcoming battery initiatives.
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Acacia's Humble Beginnings
- Acacia Energy began with just five people working on battery projects during the pandemic. - They quickly formed from a Macquarie team, won a major contract, and grew significantly.
Winning Through Superior Design
- Acacia did not underprice their contract but aimed for reasonable returns. - Their winning bid had a technically superior design offering full system service, beating about 35 contenders.
Overcoming Waratah's Challenges
- The Waratah Super Battery faced floods, commissioning issues, and supplier bankruptcy. - Acacia grew from 5 to 210 staff and secured over $3 billion in capital during these challenges.