ICG’s European Infrastructure arm is investing in German grid-scale battery energy storage systems (BESS) through W Power Storage.
ICG Infra has partnered with W Power, its founders, management and shareholder Wirth Group to deploy up to €500m into W Power’s multi-gigawatt BESS project pipeline, which includes assets already in operation and under construction.
Frank Heiss, managing director, European infrastructure at ICG, said: “We are delighted to announce our newly formed partnership with W Power. Battery storage is a key pillar of the energy transition, underpinning grid stability, supply security and the integration of renewable energy.
“W Power has proven development and execution capabilities, a robust pipeline of existing opportunities and strong growth potential.”
Andreas Wirth, shareholder, Wirth Group, said: “With ICG, we have gained a partner that combines long-term financial strength with strategic expertise and deep experience. This enables W Power Storage to deliver system-critical storage projects in Germany.”
Christian Dornisch, managing director at W Power Storage, said: “This partnership positions W Power Storage to become a driving force in transforming how power systems are built and operated.
“By scaling grid-scale battery storage at speed, we are building the foundation for new, decentralised energy structures, strengthening resilience at every grid level and setting a new standard for flexibility, stability and system security in the energy transition.”
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