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.
To succeed with battery storage requires a deep understanding of power markets and specialist technical capabilities to find the best investment solutions. Eku Energy combines a local partnership approach with a data-driven understanding of global financial and energy markets. This enables the team to identify optimal project locations, capitalise on offtake opportunities, and work with industry and government partners to deliver energy storage assets in key markets.
As an emerging energy technology, technical and regulatory barriers can be a hurdle to rapid integration in certain markets. This is why Eku Energy focuses on high energy use markets that are taking steps to level the playing field and leverage the potential of battery storage, such as the UK, Australia, Italy, Japan and Taiwan.
As variable renewable energy penetration continues to grow, Eku Energy can arbitrage volatile power markets creating diversified revenue streams. For example, it can buy and store energy at midday, when solar energy production is at its peak, and sell the power in the evening, when solar generation is declining and demand is high.
