Obton buys almost 200 megawatts of battery storage projects from Kyon Energy in 2023
194,7 MW of the 600 MW framework agreement between Kyon Energy and Obton is fulfilled in the first out of three years.
Following the successful transactions of two storage projects in Tangermünde, Saxony-Anhalt (15.8 MW / 35 MWh) and Karstädt, Brandenburg (20.7 MW / 41.4 MWh), the recent transaction of one of Europe's largest battery storage facility in Alfeld, Lower Saxony (137.5 MW/275 MWh) marks the third project Kyon Energy has transferred to Obton this year.
The transaction of a fourth project with a storage capacity of 20.7 MW will be completed by the end of the year. The joint implementation of the storage facilities has already begun.
The transactions are part of a comprehensive framework agreement between Kyon Energy and Obton, which was concluded end of 2022.
In the first year of the agreement, a third of the storage capacity – around 200 megawatts - has already been successfully contributed. The cooperation between the two companies extends over a period of up to three years, during which a total of up to 600 MW of storage capacity is to be integrated into the German electricity grid - an investment in the energy infrastructure that amounts to a high three-digit million euro sum.
Contribution to German energy transition
The 600 MW that will be added under the contract represent a significant contribution to the German energy transition and will account for half of the total storage capacity currently installed in Germany, which currently stands at 1.2 gigawatts. Construction of all four new storage projects, including the latest transaction in Alfeld, is scheduled to start next year.
“Battery storage systems are making a significant contribution to the development of a resilient energy infrastructure based on renewable energy sources and thus to achieving the energy and climate targets. The fact that we were able to contribute nearly 200 MW to the framework agreement in the first year is a major milestone and reflects our commitment to driving forward the energy transition in Germany.“ says Florian Antwerpen, Managing Director of Kyon Energy.
“We are extremely proud to see that what we jointly set out to achieve with the framework agreement, now is coming to fruition with ~200MW BESS reaching ready-to-build and being delivered to our BESS funds in 2023. The four projects are set to provide much needed flexibility for the German energy system.” says Torsten Lauritsen, Head of Energy Storage at Obton.
Kyon Energy covers the project planning of the battery storage projects, including site development and grid connection planning, building permit development and layout design.
The parties jointly handle business model development and general contracting through to turnkey commissioning of the battery storage facilities. Furthermore, Obton brings the financing of the projects and the operation of the completed battery storage facilities to the partnership.
Torsten Lauritsen, Head of Energy Storage at Obton A/S