Blue Elephant Energy (“BEE”), a Hamburg-based solar, wind and battery storage operator, has acquired a majority stake in Solar215 – a Hamburg-based project developer specializing exclusively in large-scale battery storage (“BESS”).

Since its founding in 2023, Solar215 has focused entirely on the development of BESS projects, making a significant contribution to Germany's energy transition. Over the past two years, the company has successfully built a 4.5 GW project pipeline and plans to continuously expand it.

The participation in Solar215 marks a significant step in BEE's growth strategy and underlines the central role of battery storage for grid flexibility, the integration of renewable energies and the decarbonization of the electricity system.

Through this partnership, Solar215 will benefit from BEE's extensive market experience, capital strength, and extensive industry network, enabling it to accelerate its development. At the same time, flexible storage assets will act as a natural hedge against increasingly volatile power generation, thus increasing the security of supply and the long-term value of BEE's Central European portfolio.

Solar215's founding and management team will remain actively involved in the company to ensure continuity and further advance the shared vision of a market-leading BESS platform with BEE.

Felix Goedhart, founder and CEO of BEE, announces:
"Under the leadership of its dedicated founders, Solar215 is excellently positioned to benefit from the momentum in the German BESS market. Given the favorable regulatory developments in the market, the growing need for grid balancing solutions, and the ambitious expansion targets for renewable energies, this partnership fits perfectly with our long-term strategy of building a flexible and future-proof energy platform."

Friederike Rickers and Christian Bernau, co-founders of Solar215, add:
"We are very much looking forward to working with Blue Elephant Energy. Their long-term commitment, strategic expertise, and our shared vision of a green energy transition make BEE an ideal partner to further accelerate Solar215's growth and maximize the enormous market opportunities in the German battery storage market."

Germany's ongoing energy transition has highlighted the urgent need for scalable storage solutions. In this environment, battery storage is emerging as both an economically attractive asset class and a cornerstone of grid stability.

Solar215 is ideally positioned to benefit from the positive market changes – including reforms in the balancing power market, increasing liquidity in 15-minute intraday trading, and accelerated approval procedures. These developments significantly increase the economic viability of battery storage and emphasize its strategic importance.

BESS also make a significant contribution to achieving climate targets: They enable a higher share of renewable energies in the grid, reduce grid bottlenecks and relieve the burden on infrastructure – and are thus fully in line with BEE's portfolio strategy and vision of a green future.

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