As Germany is already fully engaged in its energy transition, batteries like Arneburg will play a key role in strengthening the grid while providing flexibility. Neoen’s strategy is to leverage its extensive expertise in developing and operating large-scale batteries to expand into Germany, building on its success in multiple other markets.
But Germany is also investing large amounts in battery technology. Production is being ramped up at pace, and in a few years one in four electric cars produced in Europe could be powered by a battery from a German factory. In 2022, 46% of Germany’s gross energy generation came from solar, wind and hydro power.
In the coming years, numerous large battery projects will be commissioned in key European countries. The United Kingdom has the largest pipeline, followed by Italy, Germany, and Spain. Germany will likely add many more projects in the coming months, as the federal government increasingly focuses on storage solutions.
Germany, with its exceptional engineering technology, stringent quality management, and strong innovative capabilities, holds a significant position in the global lithium battery industry.
The battery is set to be operational in 2026. In line with its model, Neoen owns 100% of Arneburg Battery and will be the operator of the energy storage facility. Arneburg Battery will provide the grid with both intraday power trading and balancing services.
Neoen (ISIN: FR0011675362, Ticker: NEOEN), one of the world’s leading producers of exclusively renewable energy and a major battery storage operator, has given storage solution supplier Nidec full notice to proceed in December 2024, signaling the start of construction of the Arneburg Battery, Neoen’s first asset in Germany.
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