The Kempten-based green flexibility, a developer of large-scale battery storage techniques, has efficiently secured a complete venture quantity exceeding €1 billion to help the power transition in Europe.
This important milestone consists of an preliminary fairness dedication of as much as €400 million from Companions Group, one of many world’s largest personal markets funding corporations, complemented by debt financing.
The funding will allow inexperienced flexibility to broaden its position in stabilising grids, enhancing power flexibility, and driving renewable power integration.
Christoph Ostermann, CEO of inexperienced flexibility, remarked: “With Companions Group, we now have discovered the perfect accomplice to scale our enterprise and realise our imaginative and prescient of a sustainable and, above all, dependable power future. Within the battery storage market, there will be no compromises in terms of high quality and security. It’s our accountability to supply our companions not solely with the perfect options but in addition to guard them from the dangers of a younger and dynamic market. Lengthy-term reliability, the very best security requirements, and the perfect know-how are important—as a result of the power transition wants stability and dependability. And for this, we now have assembled probably the most skilled crew available in the market.”
Co-founded in 2023 by Christoph Ostermann, Hermann Schweizer, Christoph Lienert, Bernd Arkenau, inexperienced flexibility builds and operates giant battery storage techniques all through Europe in the long run and overlook each venture step – from the identification of appropriate areas to the advertising and marketing of the storage.
The corporate’s complete method consists of creating, developing, and working battery storage techniques, guaranteeing long-term reliability and security for companions. Moreover, inexperienced flexibility collaborates with different venture builders and integrates native grid necessities in shut cooperation with grid operators.
Their battery power storage techniques (BESS) handle important points arising from the elevated use of intermittent renewable power sources and the gradual retirement of standard energy era in Germany. These techniques retailer extra power throughout occasions of surplus and discharge it when wanted, lowering curtailment, stabilising grids, and mitigating worth volatility for companies and customers.
As a part of its technique, inexperienced flexibility plans to utilise Companions Group’s monetary sources and intensive experience to realize market management. Companions Group, managing roughly €145 billion in property, brings a transformational worth creation plan to the desk, aimed toward establishing inexperienced flexibility as a key participant in Europe’s largest electrical energy market.
David Daum, Associate and Head of Infrastructure Europe at Companions Group, said: “inexperienced flexibility will act as a key enabler of the power transition in Germany by facilitating the mixing of intermittent renewable power into the nation’s energy grid. The Firm represents an thrilling alternative to accomplice with a extremely skilled, confirmed administration crew to construct a battery storage platform within the largest energy and electrical energy market in Europe. We stay up for working with them on our transformational worth creation plan.”
This funding positions inexperienced flexibility to execute its intensive venture pipeline of over 10 gigawatts and highlights its dedication to offering cutting-edge power options.
