Munich, Bavaria. With the sale of a total of 40 MW of battery storage systems, Munich-based project developer Kyon Energy is further strengthening its position as one of the market leaders in the stationary large storage segment in Germany. The Buyer Consortium consists of several private investors and family offices. The battery storage systems should be connected to the grid within the next 24 months.
Following the successful project planning of more than 120 MW in 2021, Kyon Energy is also growing in 2022 — the project pipeline has already tripled this year. The latest order for the 40 MW storage system, negotiated with the help of Heinrich & Mortinger, is an important component of this.
Current events and the tense situation on the energy market underline the urgency for alternative, sustainable approaches to stabilize the power grid. The energy transition and energy independence are top priorities both in politics and in society.
Under the mission statement “Use instead of regulation,” Kyon Energy works by designing large battery storage systems for a clean, sustainable energy supply and to temporarily store renewable energies economically and thus be able to better integrate them into the networks. The multi-use strategies of storage systems can be used to compensate for fluctuations, reduce prices and prevent overloads on the power grid.
“From today's perspective, battery storage systems are the most economical option for bringing urgently needed flexibility to the grids in the short term,” comments Benedikt Deuchert, Head of Business Development & Regulatory Affairs at Kyon Energy.
The aim of Kyon Energy is to actively shape the currently still young battery storage market as one of the market leaders. The large battery storage segment in Germany is currently expanding strongly and an expansion of around 500 MW is expected in 2022. This is more than the entire volume put into operation by 2021. The projects by Kyon Energy and its partners are contributing around 120 MW to the expansion of large battery storage systems this year, which corresponds to around a quarter of the entire market in Germany.
Heinrich & Mortinger has been arranging equity and financing battery storage projects since 2019 and sees great potential in the rapidly growing battery storage market.
About Kyon Energy: Kyon Energy works for a sustainable, independent and socially responsible energy supply with renewable energies and is therefore an important driver of the energy revolution. Kyon Energy is one of the leading project developers of grid-connected battery storage systems to stabilize the power grid in Germany. With the largest project pipeline in Germany and an output of over 120MW, which will be connected to the grid by the end of 2022 alone, the company is establishing itself as a firm player in the German energy sector.
About Heinrich & Mortinger:
Heinrich & Mortinger was founded in 2007 and is an employee-owned consulting firm. Heinrich & Mortinger provides support in all areas of corporate and structured financing with a focus on long-lasting infrastructure. Heinrich & Mortinger is based in Vienna and has offices in Berlin and the USA.
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