This is the first project sanctioned by TotalEnergies from the pipeline of Kyon Energy, Germany’s leading battery storage system developer, which was recently acquired by TotalEnergies in February 2024.
The project, with a total investment of more than €75 million, will benefit from the expertise of Saft, TotalEnergies' battery affiliate, which will supply the project with the latest-generation of electricity storage technology (iShift LFP-lithium-iron-phosphate-containers).
Commercial operations are expected to begin in the second half of 2026, and the startup Quadra Energy-one of Germany's leading renewable power aggregators, acquired by TotalEnergies in October 2023-will market the flexibility provided by these batteries.
Stéphane Michel, SVP, Gas, Renewables & Power at TotalEnergie said:
- this investment decision reflects the acceleration of our integrated development in the Germany electricity market, the largest in Europe;
- for the battery system design, we will leverage synergies between our electricity teams: Saft will supply the batteries, Kyon Energy will manage development, and Quadra Energy will market this new capacity;
- all our recent investments in Germany demonstrate our strong commitment to contribute to the decarbonization of the country’s electricity and industry.
TotalEnergies on the German electricity market
Since 2023 and 2024, TotalEnergies has won two major marine leases in Germany for the development of wind farms totaling 4.5 GW, enough to supply green electricity to around 4.5 million households.
At the same time, TotalEnergies has acquired several German electricity players in order to accelerate and optimize its integrated development on this market:
- NASH Renewables, acquired in October 2023, is involved in optimizing the design and operating parameters of its renewable projects;
- Quadra Energy, also acquired in October 2023, is one of the top 3 aggregators of renewable electricity production in Germany, boasting a virtual power plant totaling 9 GW;
- Kyon Energy, acquired in February 2024, is developing a 2 GW pipeline of battery storage systems in the country.
At the end of 2023, TotalEnergies’ gross renewable
electricity generation installed capacity was 22 GW.
