Eku Energy, a global energy storage specialist, announced today its entry into the German market with its first project: a 400 megawatt / 1,600 megawatt-hours battery energy storage system (BESS) in the municipality of Lamspringe in Lower Saxony, northwest Germany.
Artist’s impression of the Dion 400 MW / 1600 MWh BESS in Lamspringe, Lower Saxony. Image Credit: Eku Energy
The Dion BESS will be the largest of its kind in Germany and will provide black start capability through a direct connection to the transmission grid. This capability will enhance energy security in the region by supporting faster and more reliable grid recovery during outages.
The project will contribute to energy security in Germany and deliver important grid services. The BESS is currently in an advanced development stage, with commissioning planned at the end of 2029.
Germany Marks Eku Energy’s Sixth Global Market
To support this growth, the company has entered into a Development Services Agreement with local developer NION, the Dion BESS project developer. Under the agreement, NION will remain responsible for further project development up to the Ready to Build stage of Dion BESS, while Eku Energy assumes strategic leadership across development, design and technology.
Eku Energy will also work with Fluence, a long-standing lithium iron phosphate (LiFEPO) supply partner, through the project’s development.
Building a Long-term Energy Storage Market in Germany
Eku Energy plans to build a long-term project pipeline in Germany with the opening of an office in Germany planned for 2027.
Erin Lee, Chief Financial Officer of Eku Energy, said, “Eku Energy’s core strength lies in combining technological expertise with deep commercialisation experience. In our multi-use projects, we combine long-term offtake agreements with the participation of our battery assets in power exchange markets. This expertise in contracts and storage technology delivers greater revenue resilience and visibility for our projects.”
The Dion BESS represents Eku Energy taking its first step into the German market. With over 25 GWh of projects in delivery across Australia, Japan, New Zealand, United Kingdom and Italy, Eku Energy has a long-term infrastructure approach to investing in BESS projects.
The company is fully committed towards developing, building and operating its projects with the aim of retaining them permanently in its portfolio. By combining capital markets expertise, technical know-how and a long-term ownership perspective, Eku Energy aims to mobilise new capital for the transformation of energy systems.
As it expands its project pipeline, Eku Energy is looking to build new partnerships across the energy value chain, particularly for energy storage projects and long-term power offtake and commercialisation models.
Eku Energy is jointly owned by the British Columbia Investment Management Corporation, one of Canada’s largest institutional investors, and a fund managed by Macquarie Asset Management (MAM), one of the world’s leading asset managers with AU$722 billion in assets under management.