Corre Energy has teamed up with Dutch battery specialist SemperPower to develop one of Europe's largest battery storage facilities at its 320 MW Zuidwending site in the Netherlands. The joint venture, a 50/50 partnership, aims to deliver a two-hour battery project totaling 640 MWh, enhancing grid stability and supporting renewable energy integration.
SemperPower, a subsidiary of Return Energy, will contribute its expertise in battery infrastructure sourcing, development, and operations to the project. They will also handle offtaker agreements and secure project financing, leveraging their experience from existing battery projects in the Netherlands.
“This major new partnership with SemperPower and Return Energy speeds up and broadens our income profile for Zuidwending while delivering critical storage to meet future energy consumption needs,” said Corre Energy CEO Keith McGrane.
The project, expected to remove over 70,000 tonnes of carbon dioxide annually, aligns with Corre Energy's commitment to sustainable energy solutions. It complements their existing Compressed Air Energy Storage (CAES) plans, forming a comprehensive energy storage hub that spans from milliseconds to multi-day durations.
SemperPower CEO Dennis Schiricke highlighted the venture's benefits, stating, “Through this joint venture, we aim to support regional stakeholders by accelerating the energy transition, a goal achievable only through collective efforts.”
Local and national consultations are underway for the battery project, which shares grid infrastructure with Corre Energy's planned CAES facility. Capital expenditures for construction and installation are estimated at €300 million, with commercial operations slated to commence in 2026.
