Munich, Bavaria. With the sale of a total of 40 MW of battery storage, the Munich-based project developer Kyon Energy is further consolidating its position as one of the market leaders in the large stationary storage segment in Germany. The consortium of buyers consists of several private investors and family offices. The battery storage will be connected to the grid within the next 24 months. After the successful project planning of more than 120 MW in 2021, Kyon Energy is also on course for growth in 2022 - the project pipeline has already been tripled this year. The most recent order for the 40 MW storage facility, brokered with the help of Heinrich & Mortinger, is an important component.
Current events and the tense situation on the energy market make it clear that alternative, sustainable approaches to stabilizing the power grid are urgently needed in Germany. The energy transition and energy independence have top priority in both politics and society. Kyon Energy works for a clean, sustainable energy supply by planning large battery storage systems and storing renewable energies economically so that they can be better integrated into the grid. The multi-use strategies of the storage systems can compensate for fluctuations, lower prices and prevent overloading of the power grid.
"From today's perspective, battery storage is the most economical option for bringing the urgently needed flexibility to the grid in the short term," comments Benedikt Deuchert, Head of Business Development & Regulatory Affairs at Kyon Energy.
Kyon Energy's goal is to actively shape the battery storage market, which is still young, as one of the market leaders. The large battery storage segment is currently expanding rapidly in Germany and an increase of around 500 MW is expected for 2022. This is more than the entire volume commissioned by 2021. The projects of Kyon Energy and its partners will contribute around 120 MW to the expansion of large-scale battery storage this year, which corresponds to around a quarter of the entire market in Germany.
Heinrich & Mortinger has been involved in arranging equity and financing for 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 acceptable energy supply with renewable energies and is thus a significant driver of the energy transition. 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 a capacity of over 120MW, which will be connected to the grid by the end of 2022 alone, the company is establishing itself as a force 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 finance with a focus on long-lived infrastructure. Heinrich & Mortinger is based in Vienna and has offices in Berlin and the USA.