Ingrid Capacity enters German battery storage market with 200 MW partnership

Stockholm-based flexibility provider Ingrid Capacity has signed a strategic cooperation agreement with German renewables developer Energiequelle to deploy 200 MW of battery energy storage systems (BESS) across Germany.

The deal announced by the companies aims to split the work to accelerate deployment: Energiequelle will handle the early-stage development, including site identification, land acquisition, and securing building permits and grid connections, all requiring significant understanding of the German market. Ingrid Capacity will then be involved on the capital and operational phases in terms of financing, construction, ownership, and long-term operation, and the partnership marks Ingrid’s entry into Germany.

Once online, the Swedish company said it will manage the 200 MW of assets through its own trading platform; aggregating capacity to provide ancillary services, arbitrage and optimization. The partners specify that they are targeting connection points within distribution networks to alleviate local congestion, rather than focusing solely on connections to high-voltage transmission hubs as has been seen in many markets.

Access to Germany for Ingrid will help its goal of managing 8 GW of assets across Europe by 2030, given it has set its strategy on 1 GW in the German market. Ingrid has previously strung together 14 sites in Sweden to aggregate 211 MW, which is still the largest aggregated storage fleet in the Nordics. Ingrid says it has over 650 MWh of storage capacity in operation or under construction.

“This is a landmark partnership for Ingrid in Germany and an important step in our European growth strategy,” said Axel Holmberg, CEO of Ingrid Capacity. “By 2030, we want to optimize more than 1 GW of flexible assets in Germany and thus overcome the challenges in the power grid. Energiequelle’s proven track record and in-depth market knowledge make the company an ideal partner for us on this path.”

Energiequelle, which has connected 1.7 GW of wind and solar capacity since 1997, views the partnership as a way to expand its storage footprint, while partnering on the financing and trading risks.

“Our task is to advance the energy transition with innovative, reliable and flexible solutions,” said Michael Raschemann, owner and managing director of Energiequelle. “Ingrid’s know-how in the deployment and optimization of large-scale energy storage is a strong complement to our development capabilities. Together we can create sustainable added value for society and expand grid stability within the framework of the energy transition.”