Hamburg Commercial Bank (HCOB) said it is providing financing to Juniz Energy for the construction and operation of three battery energy storage systems (BESS) in Germany, with a combined capacity of around 100 megawatt-hours (MWh).
The bank acted as lender, agent, account bank and hedging bank for the transaction, HCOB said in a statement.
Bavaria-based Juniz Energy, a portfolio company of Swedish investment firm EQT, develops and operates large-scale battery systems across the full value chain — from planning and construction to commissioning and long-term management.
Hans Lotzer, head of project finance at HCOB, said the deal reflected the bank’s commitment to supporting the country’s energy transition.
“With its large-scale battery storage systems, the company is contributing to grid stability and decarbonisation in Germany’s growing electricity market,” Lotzer said.
HCOB executive director Marco Schweer said welcoming Juniz Energy as a client underscored the bank’s ability to design and deliver integrated financing structures.
“This transaction demonstrates HCOB’s expertise in structuring and arranging comprehensive one-stop financing packages,” Schweer said.
Juniz Energy Chief Financial Officer Markus Binding described the financing as a milestone for the company’s development pipeline.
“This financing is an important step in realising our pipeline of battery projects in Germany. We see great growth opportunities in the coming years, which we want to seize together with our partners,” Binding said.
He added that flexible and attractive financing solutions were essential for the company’s continued growth and thanked HCOB for its cooperation.
The three battery storage systems are expected to contribute to Germany’s efforts to expand renewable energy capacity and enhance the stability of its electricity grid.
