Infrastructure investor Palladio Partners and battery storage specialist Voltfang have launched a €250m partnership to develop battery storage systems in Germany by the end of 2029.
The firms have teamed up to develop, finance and operate large-scale battery storage projects, with the first of these projects expected to begin construction later this year.
The projects are financed by a fund managed by Palladio Partners, which is designed for institutional investors and focuses on transforming German infrastructure.
As the operational partner, Voltfang will be responsible for planning, constructing, operating and maintaining the projects, while Palladio Partners will handle commercialisation and financing.
Oliver Sauer, partner at Palladio Partners, said: “With the growing demand for electricity storage and the continued decline in technology costs, this is a particularly attractive time to be investing in the expansion of battery storage.
“Voltfang offers a sustainable range of solutions that align very well with our transformation fund and therefore with what our investors are seeking. We’re excited about this collaboration.”
David Oudsandji, founder, Voltfang, said: “When implementing projects on this scale, two factors are crucial: scalable battery expertise and robust financing. While Palladio offers excellent access to capital and a deep understanding of the energy markets, Voltfang brings to the partnership technological expertise that is unmatched in the German market.
“Together, we are well-positioned to make a meaningful contribution to the energy transition.”
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