New energy storage project for munich industry

Could a new partnership tap the energy storage potential of Germany?

With the large-scale battery energy storage system (BESS) fleet in Germany on the verge of unprecedented expansion, a new partnership is aiming to tap the energy storage potential of the country’s south.

Who owns a battery energy storage system in Metelen?

MEAG, the asset manager of Munich Re and Ergo Group, has acquired the shares in a ready-to-build battery energy storage system (BESS) project in Metelen. SMA Altenso will provide engineering, procurement, and construction and operations and maintenance services for the battery park, which is scheduled to go online in the second half of 2025.

What will bw ESS & Mirai power do in South Germany?

For BW ESS and MIRAI Power, South Germany will be the focus of their development activities, with the partners describing it as “a region with huge energy storage development potential”.

Who is MEAG & why should you invest in battery storage?

MEAG is the asset manager for Munich Re and Ergo Group and manages around €345 billion ($373 billion) of assets, of which €61 billion are for private and other institutional investors. The company has been closely monitoring the German battery storage market for more than a year and has invested in the industry for the first time.

Who buys Metelen Bess project in North Rhine-Westphalia?

MEAG Munich Ergo Asset management GmbH has agreed with SMA Altenso GmbH to buy the shovel-ready 92.5 MW/231 MWh Metelen BESS project in North Rhine-Westphalia. MEAG is the asset manager for Munich Re and Ergo Group and manages around €345 billion ($373 billion) of assets, of which €61 billion are for private and other institutional investors.