Blue Elephant Energy (BEE), a renewable energy independent power producer, has acquired a majority stake in Solar215, a Hamburg-based company focused on developing utility-scale battery energy storage systems (BESS), the companies said on Thursday.
Founded in 2023, Solar215 has built a 4.5 gigawatt pipeline of battery storage projects across Germany, a market that is rapidly expanding amid the country’s ongoing energy transition. The acquisition marks a strategic move by BEE to expand its presence in flexible storage assets, which it sees as key to enabling greater renewable energy integration and improving grid stability.
“Solar215, under the leadership of its deeply committed founders, is exceptionally well positioned to capitalize on the momentum in the German BESS market,” said Felix Goedhart, founder and chief executive of BEE. “This partnership aligns perfectly with our long-term strategy to build a flexible and future-proof energy platform.”
Under the terms of the agreement, Solar215’s founding team and senior leadership will remain in place. BEE said the partnership will provide Solar215 with access to its financial resources, market expertise, and network to help scale its platform.
Germany’s energy market reforms and the increasing role of storage in balancing supply and demand have made BESS an attractive and strategically important asset class. BEE noted that market dynamics—including changes to balancing and ancillary services, rising liquidity in the 15-minute intraday market, and more streamlined permitting—are improving the commercial outlook for storage solutions.
“We are excited to join forces with Blue Elephant Energy,” said Solar215 co-founders Friederike Rickers and Christian Bernau. “Their long-term commitment, strategic expertise and shared vision for the energy transition make them the ideal partner to help us scale our platform.”
BEE said the integration of battery storage into its portfolio would serve as a natural hedge against the intermittency of renewable generation and support its decarbonisation objectives.
“Battery storage contributes directly to decarbonization by enabling higher renewable penetration, reducing curtailment and easing grid congestion,” BEE added. “These developments are fully aligned with our mission and portfolio strategy.”
The deal underscores growing investor interest in storage technologies, which are expected to play a central role in achieving energy security and climate goals across Europe.
