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, as demand for energy storage grows, according to people with knowledge of the matter.

Akaysha may raise several hundred million dollars based on its valuation of over $1 billion, the people said, asking not to be identified discussing private information. The company is sounding out potential investors, but considerations are at an early stage and it may decide against a sale, the people said.