TotalEnergies to develop 800 MW of battery storage projects in Germany

03 Mar TotalEnergies to develop 800 MW of battery storage projects in Germany

(Oilandgaspress) -TotalEnergies has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50% stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh. With this agreement, the partners will deliver an investment of €500 million in critical energy infrastructure for Germany, of which 70% will be financed by the debt.

Nearly 800 MW of storage by 2028…
These 11 projects, located across Germany, have been developed by Kyon Energy, a subsidiary of TotalEnergies, and will all be operational by 2028. Most of them will use next‑generation batteries supplied by Saft, a subsidiary of TotalEnergies and a global leader in high‑tech batteries. TotalEnergies will remain the operator of the assets.

…to support the development of renewables in Germany
With these projects, TotalEnergies and Allianz will directly contribute to the resilience of the German power system by reducing grid congestion and providing the flexibility needed to support the rapid growth of renewable energies in the country.

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