X-ELIO, a Brookfield-owned company specializing in the development, construction, financing and operation of renewable-energy projects, and Nature Infrastructure Capital (NIC), a private equity firm dedicated to the global energy transition, have formed a strategic partnership with Å Energi Invest, the corporate venture arm of Norwegian utility Å ENERGI, to invest in ECO STOR, one of the leading utility-scale battery energy storage system (BESS) developers in Germany.
With a market share of around 20 percent, ECO STOR has become the market leader for battery storage plants in Germany. It has successfully built approximately 100 megawatt-hours of storage projects in the country, serving as a co-developer and EPC partner. The company covers the entire value chain from project development, construction, financing and operation of battery storage plants.
ECO STOR has a pipeline of more than 6 gigawatts, of which 1.5 gigawatts are in advanced stages of development. In par
