The German battery storage-integrated EV charging space had a busy July, with startup Numbat raising €10m-plus in capital and Volkswagen and JOLT Energy opening charging parks.
E.ON spinout Uniper Energy Storage has received €2.75 million in EU grant funding towards a project to store hydrogen at scale in a salt cavern in Northern Germany.
Volkswagen has started construction of its 40GWh battery cell gigafactory in Salzgitter, Germany, and the company plans to dedicate capacity to grid-scale energy storage in future.
Swiss Life Asset Managers has acquired a 50% stake in BCP Battery Holding, a company with several utility-scale battery energy storage system (BESS) developments in Germany.
European battery energy storage deployments are expected to plateau over 2024-27 due to lithium-ion scarcity whilst the continent will need 200GW by 2030 to accommodate additional renewables, according to a new report and webinar.
German battery energy storage system (BESS) project developer Tricera Energy has built its business using ‘second use’ battery modules from the country’s automotive sector, its COO told Energy-Storage.news.