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Voltwise Power (“Voltwise”) has acquired a utility-scale battery project in North Rhine-Westphalia as part of its strategy of developing and constructing multiple projects across Germany. The 56 MW 2-hour Battery Energy Storage System (“BESS”) is expected to commence construction early in 2025 with anticipated commissioning by the end of 2026. The project will be followed by multiple additional projects, either purchased from earlier stage developers or self-developed through a pipeline consisting of ~10GW of projects, across both Germany and the UK, which has been in process for several years.
Voltwise is actively implementing a growth strategy to become a leading European IPP focussed on BESS assets. Its initial focus is on Germany and the UK, both markets where there is an increasing requirement for BESS assets to support the country energy transition ambitions, especially the rollout of renewable power. Voltwise will both develop and acquire BESS projects and assets that fit its strategic focus. This transaction is the first step in the execution of the strategic pillar to acquire projects at or near RTB for construction in Voltwise’s core markets.
Russell Alton, Voltwise CEO, commented: “I am delighted that we have reached an agreement to acquire an exciting and important project. At Voltwise, we are committed to driving forward the transition to Net Zero. Given the structure of our energy systems across Europe, this will only be delivered with the efficient and commercial construction of BESS assets. As the largest power market in Europe, Germany offers an appealing business growth opportunity.”
Thorsten Klöpper, Voltwise’s Managing Director for Germany, added: “Having worked in the Germany battery sector for many years with various companies, it is exciting to see the market finally reaching the stage where significant expansion is possible; and we look forward to several similar announcements in coming months.”
Voltwise is wholly owned and funded by Sandbrook Capital (“Sandbrook”), a private investment firm dedicated to transforming the world’s energy infrastructure.
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