Integrated Power in Germany: TotalEnergies Launches New 100 MW / 200 MWh Battery Storage Development
July 24 2024 - 2:38AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has taken the
final investment decision for a 100 MW /200 MWh battery storage
project in Dahlem, North Rhine-Westphalia.
This is the first project sanctioned by TotalEnergies from the
pipeline of Kyon Energy, Germany’s leading battery storage system
developer, which was recently acquired by TotalEnergies in February
2024.
The project, with a total investment of more than €75 million,
will benefit from the expertise of Saft, TotalEnergies' battery
affiliate, which will supply the project with the latest-generation
of electricity storage technology (iShift LFP
—lithium-iron-phosphate— containers).
Commercial operations are expected to begin in the second half
of 2026, and the startup Quadra Energy—one of Germany's leading
renewable power aggregators, acquired by TotalEnergies in October
2023—will market the flexibility provided by these batteries.
"This investment decision reflects the acceleration of our
integrated development in the Germany electricity market, the
largest in Europe. For the battery system design, we will leverage
synergies between our electricity teams: Saft will supply the
batteries, Kyon Energy will manage development, and Quadra Energy
will market this new capacity,” declared Stéphane Michel, SVP,
Gas, Renewables & Power at TotalEnergies. “All our recent
investments in Germany demonstrate our strong commitment to
contribute to the decarbonization of the country’s electricity and
industry.”
***
TotalEnergies on the German electricity market Since 2023
and 2024, TotalEnergies has won two major marine leases in Germany
for the development of wind farms totaling 4.5 GW, enough to supply
green electricity to around 4.5 million households.
At the same time, TotalEnergies has acquired several German
electricity players in order to accelerate and optimize its
integrated development on this market:
- NASH Renewables, acquired in October 2023, is involved in
optimizing the design and operating parameters of its renewable
projects;
- Quadra Energy, also acquired in October 2023, is one of the top
3 aggregators of renewable electricity production in Germany,
boasting a “virtual power plant” totaling 9 GW;
- Kyon Energy, acquired in February 2024, is developing a 2 GW
pipeline of battery storage systems in the country.
Finally, the Company has also won a contract in 2023 to install
and operate 1,100 high-power recharging points for electric
vehicles in the country.
TotalEnergies and electricity As part of its ambition to
get to net zero by 2050, TotalEnergies is building a world class
cost-competitive portfolio combining renewables (solar, onshore and
offshore wind) and flexible assets (CCGT, storage) to deliver clean
firm power to its customers. At the end of 2023, TotalEnergies’
gross renewable electricity generation installed capacity was 22
GW. TotalEnergies will continue to expand this business to reach 35
GW in 2025 and more than 100 TWh of net electricity production by
2030.
About TotalEnergies TotalEnergies is a global integrated
energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our more than 100,000 employees are committed to provide as many
people as possible with energy that is more reliable, more
affordable and more sustainable. Active in about 120 countries,
TotalEnergies places sustainability at the heart of its strategy,
its projects and its operations.
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TotalEnergies’ financial results or activities is provided in the
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version of which is filed by TotalEnergies SE with the French
securities regulator Autorité des Marchés Financiers (AMF), and in
the Form 20-F filed with the United States Securities and Exchange
Commission (SEC).
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