TotalEnergies has moved to strengthen its position in the German electricity market by agreeing to sell a 50% stake in a portfolio of 11 battery storage projects to Allianz Global Investors (AllianzGI). Under the agreement, the project will have a combined capacity of 789 MW – 1628 MWh and is part of a broader €500 million investment in essential energy infrastructure across Germany. The 11 German battery storage projects have been developed by Kyon Energy, a subsidiary of TotalEnergies, and are scheduled to be fully operational by 2028. Most of the installations will be equipped with next-generation batteries supplied by Saft, another subsidiary of TotalEnergies. While AllianzGI joins as an investor, TotalEnergies will continue to operate the assets.
Germany remains a strategic market for TotalEnergies. The company is engaged in renewable generation development, including wind and solar, alongside flexible assets such as battery storage, as well as trading and aggregation services that enable the delivery of low-carbon electricity on a 24/7 basis. TotalEnergies has operated in Germany since 1955. Its broader electricity strategy encompasses a 7.5 GW offshore wind portfolio in the North Sea and the Baltic Sea, in addition to a 7 GW pipeline of solar and onshore wind projects. The Company also secured 2 GW of battery storage capacity through Kyon Energy, acquired in 2024, further reinforcing its German battery storage projects pipeline.
Beyond power generation and storage, TotalEnergies acquired Quadra Energy in 2023, the leading renewable power aggregator in Germany, and runs more than 7,500 electric vehicle charging points nationwide. Its operations also include one of Europe’s most modern refineries in Leuna and the supply of Liquefied Natural Gas (LNG), particularly through its regasification unit in Mukran on the German Baltic Sea coast.
Through the rollout of the partnered German battery storage projects, the companies aim to enhance the resilience of the German power system. The storage facilities are designed to reduce grid congestion and help accommodate the rapid expansion of renewable energies throughout the country. In doing so, TotalEnergies and AllianzGI position the portfolio as a direct contribution to stabilizing Germany’s evolving electricity network.
