As investors have looked to participate in the energy transition, battery energy storage systems (BESS) around the world have attracted investment recently. The technology is increasingly viewed as essential to integrating renewable energy into power systems while addressing volatility in supply and demand.
“Battery storage plays a central role in the successful continuation of the energy transition, as it better aligns renewable generation with electricity demand over time,” says Hauke Sievers, head of acquisitions, sustainable infrastructure, at KGAL.
In Europe, the renewable-energy fund KGAL ESPF 5 has invested in a BESS project in Grevesmühlen, Germany. The battery storage facility is located near a substation and nearing completion, with commissioning 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 assume operational responsibilities.
