Bluestar Energy Capital (BEC), a US-based renewables investor, unveiled its latest initiative on Wednesday: Noveria Energy, a project development platform aimed at advancing battery energy storage system (BESS) projects across Europe, starting with a strong focus on Germany.
According to the firm, Noveria Energy has already established a project pipeline exceeding 2 GWh in the country, progressing through interconnection and permitting processes.
Neil O'Donovan, Chair of Noveria Energy and President of BEC, emphasized the significance of energy storage in Europe's energy transition, stating, “Well-located energy storage projects are a key enabler of the energy transition in Europe. An increasing demand for grid system services this decade coupled with increasingly volatile energy pricing across Germany and other regions underscore the need to rapidly scale battery storage capacity.”
O'Donovan further elaborated on Noveria Energy's strategic vision, saying, “Benefiting from BEC's development experience in the U.S. and Australia, Noveria Energy's vision is to be a leading developer and operator of large-scale energy storage projects in Germany and other select European markets.”
Bluestar Energy Capital has previously established regional project development platforms in the United States and Australia, contributing to a global pipeline that now spans over 10 GW of wind, solar, and storage projects.
