Econergy Secures Right To Acquire 435 MW German Battery Storage Projects, Strengthening European Storage Platform

Econergy Renewable Energy has announced a major strategic expansion into the German market with the signing of an option agreement to acquire two grid-licensed battery storage projects totaling 435 MW in Bad Lauchstädt, Saxony-Anhalt. The projects are in the final stages of obtaining their building permits (RTB stage), marking a significant step in strengthening Econergy’s European storage platform and establishing a presence in one of Europe’s fastest-growing and most advanced energy storage markets.

Under the terms of the agreement, Econergy UK, which is approximately 75% owned by Econergy Renewable Energy Ltd., has secured the right to acquire 100% of the German company that holds both storage facilities. The option may be exercised until April 1, 2026. Both projects are at an advanced stage and are expected to begin construction by the end of 2026. The projects are located in a region undergoing a major transition from coal to clean energy. Initiatives such as the Energiepark Bad Lauchstädt are turning the area into a hub for renewable innovation and grid flexibility solutions. Econergy’s new storage capacity is set to support this regional shift toward a modern and resilient energy system.

This expansion builds on Econergy’s rapid progress in battery storage across Europe. The company recently began construction on Senftenberg, its first 100 MW BESS project in Brandenburg, marking the operational launch of its German storage platform. With the addition of the new option agreement, Econergy’s potential German storage portfolio could reach 353 MW, demonstrating significant scaling momentum in Europe’s competitive storage market and highlighting a focus on high-quality hybrid and flexibility projects.

These new projects further diversify Econergy’s asset mix both geographically and technologically, reinforcing the company’s position as a leading developer of utility-scale storage in Europe. Joshu Murphy, Head of Energy Storage at Econergy, said that Germany is becoming one of the most sophisticated and opportunity-rich storage markets in Europe, driven by regulatory clarity, market liquidity, and growing flexibility requirements. He added that Econergy’s entry into the market reflects its commitment to building a long-term storage platform where conditions support scalability, innovation, and bankability.

Eyal Podhorzer, Co-Founder and CEO of Econergy Renewable Energy, stated that following a thorough assessment of the German storage market and the anticipated strong demand, the company is further expanding its presence in the country. He noted that the projects are nearly ready for construction and already have secured grid connection rights, providing high confidence in their completion.

Podhorzer added that Econergy anticipates entering into long-term tolling agreements to ensure stable cash flows with low exposure to market volatility. Along with the 100 MW Senftenberg project already under construction, these developments significantly expand Econergy’s footprint and diversify its renewable portfolio. He concluded that the strong momentum achieved in 2025 is expected to accelerate further in 2026 as the company continues to execute its growth plan.