Neo Energy Group and V-ridium Power Group are acquiring the National Energy Storage System (KSME), enhancing their positions in the growing energy storage market in Poland.

Information on the Target

Neo Energy Group, a developer specializing in wind and solar farms, has entered into an agreement to acquire the National Energy Storage System (KSME) in partnership with V-ridium Power Group. The acquisition includes 15 strategic locations designated for energy storage facilities, boasting an estimated total capacity of 5.56 GW. This transaction marks a significant milestone for both Neo Energy Group and V-ridium Power Group, as KSME was previously part of their investment portfolio, resulting in a lucrative return on investment.

Industry Overview in Poland

KSME, founded in 2018, is a CleanTech startup that focuses on energy management systems and energy storage solutions. With the ongoing energy transformation and an increased reliance on renewable energy sources, innovative energy solutions are becoming crucial. The necessity for energy systems to adapt and efficiently store large volumes of energy is paramount as Poland moves towards a more sustainable energy infrastructure.

According to Mordor Intelligence, the energy storage market is projected to experience a compound annual growth rate (CAGR) of approximately 24.38% from 2020 to 2025. This g