HomeFundinggreen flexibility secures €1 billion for battery storage projects with Partners Group...

green flexibility secures €1 billion for battery storage projects with Partners Group backing

The Kempten-based green flexibility, a developer of large-scale battery storage systems, has successfully secured a total project volume exceeding €1 billion to support the energy transition in Europe.

This significant milestone includes an initial equity commitment of up to €400 million from Partners Group, one of the world’s largest private markets investment firms, complemented by debt financing.

The funding will enable green flexibility to expand its role in stabilising grids, enhancing energy flexibility, and driving renewable energy integration.

Christoph Ostermann, CEO of green flexibility, remarked: “With Partners Group, we have found the ideal partner to scale our business and realise our vision of a sustainable and, above all, reliable energy future. In the battery storage market, there can be no compromises when it comes to quality and safety. It is our responsibility to provide our partners not only with the best solutions but also to protect them from the risks of a young and dynamic market. Long-term reliability, the highest safety standards, and the best technology are critical—because the energy transition needs stability and dependability. And for this, we have assembled the most experienced team in the market.

Co-founded in 2023 by Christoph Ostermann, Hermann Schweizer, Christoph Lienert, Bernd Arkenau, green flexibility builds and operates large battery storage systems throughout Europe in the long term and overlook every project step – from the identification of suitable areas to the marketing of the storage.

The company’s comprehensive approach includes developing, constructing, and operating battery storage systems, ensuring long-term reliability and safety for partners. Additionally, green flexibility collaborates with other project developers and integrates local grid requirements in close cooperation with grid operators.

Their battery energy storage systems (BESS) address critical issues arising from the increased use of intermittent renewable energy sources and the gradual retirement of conventional power generation in Germany. These systems store excess energy during times of surplus and discharge it when needed, reducing curtailment, stabilising grids, and mitigating price volatility for businesses and consumers.

As part of its strategy, green flexibility plans to utilise Partners Group’s financial resources and extensive expertise to achieve market leadership. Partners Group, managing approximately €145 billion in assets, brings a transformational value creation plan to the table, aimed at establishing green flexibility as a key player in Europe’s largest electricity market.

David Daum, Partner and Head of Infrastructure Europe at Partners Group, stated: “green flexibility will act as a key enabler of the energy transition in Germany by facilitating the integration of intermittent renewable energy into the country’s power grid. The Company represents an exciting opportunity to partner with a highly experienced, proven management team to build a battery storage platform in the largest power and electricity market in Europe. We look forward to working with them on our transformational value creation plan.”

This funding positions green flexibility to execute its extensive project pipeline of over 10 gigawatts and highlights its commitment to providing cutting-edge energy solutions.

David Cendon Garcia
David Cendon Garcia
David is the news editor at EU Startups. David has a background in EU journalism and policy, as well as a broader background in communications. He is passionate about driving the tech and startup sector forward and in promoting quality and meaningful journalism.
RELATED ARTICLES

Most Popular