TotalEnergies invests €160m into 221MW German battery storage portfolio
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Oil major TotalEnergies has announced investment decisions for six battery storage projects, totalling 221MW of new capacity and an investment outlay of €160 million ($173.1 million).
These projects were developed by Kyon Energy, a TotalEnergies affiliate acquired in 2024, and most will use next-generation batteries supplied by Saft, a TotalEnergies affiliate and advanced battery tech developer.
Construction began at the end of 2024, and commissioning is planned for early 2026.
According to TotalEnergies in a release, the launch of these projects marks a major milestone in their development of battery energy storage capacity in Germany, where the Company has operations in the production, trading, aggregation and commercialisation of clean firm power.
This storage capacity will allow TotalEnergies to contribute to the resilience of the German power system, by reducing congestion and adding flexibility.
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“We are delighted with this significant step forward in the development of our integrated power activities in Germany, Europe’s largest electricity market. The implementation and integration of all these battery projects will allow us to supply our customers with clean firm power, contributing directly to our targeted 12% profitability in this activity,” said Patrick Pouyanné, Chairman and CEO of TotalEnergies.
TotalEnergies aims to be net zero by 2050 and is building a portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power.
These batteries round out TotalEnergies’ German electricity portfolio, which consists of:
- 7GW of onshore wind and solar in development and 200 MW1 installed or under construction;
- 6.5GW net of offshore wind in development;
- 2GW of storage capacity in development and 321 MW under construction;
- 9GW of electricity aggregation capacity managed by Quadra Energy ;
- 6,900 developed and operated charge points, including 1,100 with high-power charging.
By the end of 2024, TotalEnergies’ gross renewable electricity generation installed capacity had reached 26GW and the company plans to expand this business to reach 35GW in 2025 and more than 100TWh of net electricity production by 2030.
