TotalEnergies SE has introduced an funding outlay of EUR 160 million ($172.34 million) for six battery vitality storage system tasks beneath development in Germany.
The tasks have a mixed capability of 221 megawatts (MW). They’re being developed by Kyon Power, acquired by the French vitality main final yr. Building began on the finish of 2024 and commissioning is deliberate for early 2026, in response to TotalEnergies.
“The launch of those tasks marks a serious milestone in TotalEnergies’ improvement of battery vitality storage capability in Germany, the place the Firm has operations within the manufacturing, buying and selling, aggregation and commercialization of unpolluted agency energy”, TotalEnergies stated in a press launch. “This storage capability will permit TotalEnergies to contribute to the resilience of the German energy system, by lowering congestion and including flexibility as a way to rapidly increase the nation’s renewables sector”.
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TotalEnergies stated it has 2 gigawatts of storage capability beneath improvement and 321 MW beneath development in Germany.
“The implementation and integration of all these battery tasks will permit us to provide our prospects with clear agency energy, contributing on to our focused 12 p.c profitability on this exercise”, commented chair and chief govt Patrick Pouyanné.
In Germany, TotalEnergies expects to have 7 GW of onshore wind and photo voltaic in improvement and 200 MW of put in or beneath development after the completion of its acquisition of VSB Group.
Saying the EUR 1.57 billion buy from Swiss asset supervisor Companions Group on December 4, 2024, TotalEnergies famous, “VSB has over 475 MW of renewable capability in operation or beneath development primarily in Germany and France, and a pipeline of 18 GW of wind, photo voltaic and battery storage applied sciences primarily throughout Germany, Poland and France”.
“This transaction will strengthen TotalEnergies Built-in Energy worth chain in Germany, which represents half of VSB’s portfolio”, TotalEnergies stated then.
“This enhances the current acquisitions of battery storage developer Kyon Power and vitality supervisor Quadra Power, in addition to TotalEnergies’ main offshore wind positions in northern Germany.
“As well as, this transaction will reinforce TotalEnergies’ prime 3 place in renewable energy in France”.
TotalEnergies has 6.5 GW in internet offshore wind capability beneath improvement and 9 GW of aggregation capability managed by Quadra Power.
In 2024 TotalEnergies’ gross put in renewables capability stood at 26 GW. It plans to boost this to 35 GW this yr. By 2030 TotalEnergies goals to boost its internet energy manufacturing from renewable sources throughout its international portfolio to 100 terawatt hours.
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