Partners Group has agreed to invest an initial equity commitment of up to €400 million ($417 million) in Green Flexibility, a developer and operator of large-scale battery energy storage systems (BESS) in Germany.
The expansion of intermittent renewable-energy sources and the retirement of baseload capacity in Germany are increasing fluctuations in electricity generation, driving price volatility and grid instability. Battery energy systems, which store excess energy during periods of ample supply and then release it when needed, can be used to help stabilize the grid, reduce curtailment, and smooth energy costs for consumers and businesses.
Partners Group’s commitment, along with complementary debt financing, will give Green Flexibility more than €1 billion ($1.04 billion) to invest in driving Europe’s energy transition. The company aims to execute an extensive pipeline of BESS projects and establish itself as an independent flexibility provider (IFP), which i