The Foerderstedt facility will comprise a 300 MW/718 MWh battery energy storage system (BESS). Designed to provide large-scale flexibility to the German power system, the project will support renewable energy integration, strengthen grid stability and enhance security of supply.
The project is supported by a recently announced long-term Flexibility Tolling Agreement with Next Kraftwerke, one of Europe's leading virtual power plant operators. The tolling agreement provides a long-term commercial framework for the project and enables the battery to be optimised across multiple energy and balancing markets. The innovative structure combines revenue certainty with operational flexibility, reflecting the increasing maturity of utility-scale battery storage and supporting the project's financing.
As Germany accelerates its energy transition, demand for large-scale BESS is growing fast, driven by the need for a more stable and flexible grid. Eco Stor is helping to meet this need by developing the 300 MW/718 MWh Foerderstedt BESS site and other important projects, which will expand the country’s storage capacity, supporting the rapid expansion of storage capacity required for Germany's energy transition and strengthen the country’s renewable energy future.
Over the past few years, Nord/LBhas financed some of the largest battery BESS projects in Europe, supporting more than 11 GWh of capacity across the continent, including over 1 GWh in Germany. This track record has helped establish Nord/LB as one of Europe's leading lenders in the energy storage sector, and the bank will continue to apply this experience to other important projects. The financing of the Foerderstedt project in Saxony-Anhalt - part of the home region of Nord/LB – also demonstrates the bank's commitment to supporting the local energy transition.
“We're delighted to continue supporting Eco Stor by financing the Foerderstedt project” said Florian Hock, Senior Director at NORD/LB. “Scaling the renewable energy transition across Germany and Europe will depend on the rollout of large-scale battery storage projects, which are essential to strengthening grid flexibility and energy security. As a bank, we're committed to providing the capital and financial expertise needed to support the expansion of this technology and accelerate the path to net zero across Saxony-Anhalt, Germany and Europe.”
“The successful financing of Foerderstedt sends a strong signal to the market” added Jörn Rohland, CFO at Eco Stor. “Realising a battery storage project of this scale is a remarkable achievement at a time when regulatory frameworks, market structures and revenue models continue to evolve. It underlines the growing maturity of the storage sector and reflects the determination, expertise and shared conviction of all project partners. Projects such as Foerderstedt do more than add storage capacity. They provide critical infrastructure that strengthens grid stability, supports the integration of renewable energy and enhances security of supply. The fact that this can be achieved through private-sector investment and commercial financing demonstrates the increasing ability of the market to deliver essential energy transition infrastructure without relying on public funding. Together with NORD/LB, we are helping to build the infrastructure that will enable Germany's renewable energy future.”
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