The renewable energy fund KGAL ESPF 5 has invested in a battery energy storage system (BESS) in Grevesmühlen, Mecklenburg-Western Pomerania, Germany. The battery storage facility is located in the immediate vicinity of a substation and is nearing completion. Commissioning is scheduled for mid-2026. The seller and future partner is the medium-sized company FENECON, which will continue to develop the project until completion and subsequently take over its operation.
The project has a capacity of 17.3 megawatts and a storage capacity of 48.8 megawatt-hours. As a standalone storage facility, the system can be deployed flexibly: It can store or release electricity at short notice to balance price fluctuations in day-ahead and intraday trading, and is also intended to provide balancing energy, which is required to stabilize the electricity grid in the event of short-term deviations in supply and demand.
“Battery storage plays a central role in the successful continuation
