TotalEnergies is investing €160 million to develop 221 MW of battery energy storage systems in Germany, enhancing its integrated portfolio in the renewable energy sector.
Information on the Target
TotalEnergies is set to launch 221 megawatts (MW) of new battery energy storage systems in Germany, developed by its affiliate, Kyon Energy. The company currently has 100 MW of energy storage under construction in the region. A significant portion of these new batteries will be sourced from Saft, another TotalEnergies affiliate that specializes in advanced battery technology, particularly in renewable energy applications.
This investment is part of a broader initiative by TotalEnergies to expand its integrated portfolio in the German electricity sector. In total, the company’s project pipeline in Germany includes an impressive 13 gigawatts (GW) of renewable energy sources and an additional 2 GW dedicated to battery storage capacity.
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Industry Overview in Germany
Germany has emerged as a leader in renewable energy, driven by strong governmental support and a commitment to sustainability. The country’s ambitious energy transition, known as the Energiewende, a
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TotalEnergies
invested in
Kyon Energy
in 2024
in a Other Private Equity deal
Disclosed details
Transaction Size: $168M