Kyon Energy expands into operating battery storage systems

German battery storage developer Kyon Energy said on Wednesday that it is expanding its activities to also cover the operation of large-scale battery storage systems as it plans billions of project investments in the coming years.

In line with the broadened scope, the firm will form a new business division which will complement its existing project development and its engineering, procurement, construction, and management activities.

As a start, Kyon Energy will assume the operation of a 100 MW/200 MWh storage facility which it will build in Dahlem, North Rhine-Westphalia. The project will require an investment of over EUR 75 million (USD 80.8m), the company said.

The decision for the expansion in the business model follows Kyon Energy's acquisition by multienergy company TotalEnergies earlier this year.

In total, Kyon Energy envisions billions of investments in the German energy infrastructure. The company, which has developed storage systems with a combined capacity of 121 MW, has a portfolio of 1 GW of approved and ready-to-build projects, while its total project pipeline stands at over 7 GW. In the coming years, Kyon Energy will realise more storage capacity than is currently in operation on the market, the company said. In line with its expanded business model, part of the projects will be operated by Kyon itself.

(EUR 1 = USD 1.077)

Choose your newsletter by Renewables Now. Join for free!