Econergy has signed an option agreement to acquire 435MW of grid-licensed battery storage projects in Bad Lauchstadt, Saxony-Anhalt, the company said. The two projects are at a ready-to-build stage, pending final permits, with construction expected to begin by the end of 2026.
Econergy UK, approximately 75% owned by Econergy Renewable Energy, has secured the right to purchase 100% of the German company holding the assets until 1 April 2026. The projects are located in a region transitioning from coal to clean energy, supported by initiatives such as Energiepark Bad Lauchstadt.
“These projects are already almost ready for construction and have secured grid connection rights, giving us high confidence in their implementation and completion,” said Eyal Podhorzer, co-founder and chief executive of Econergy Renewable Energy. He added that long-term tolling agreements are expected to provide “stable cash flows with low exposure to market volatility.”
Joshua Murphy, head of energy storage at Econergy, said: “Germany is rapidly becoming one of the most sophisticated and opportunity-rich storage markets in Europe. Regulatory clarity, market liquidity, and growing flexibility requirements are accelerating investment in high-quality BESS facilities.”
Econergy said the new capacity strengthens its European storage platform, following the start of construction of the 100MW Senftenberg project in Brandenburg. The company’s potential German storage portfolio now totals 535MW, enhancing its utility-scale storage footprint and diversifying its renewable energy assets.
