Tavion has raised €7million in pre-seed funding and secured a battery project pipeline in Poland.
The company said it also unlocked up to €46million in debt financing to support development of battery parks across Europe.
It added that 300MW of the Polish pipeline is ready to break ground as it targets projects in the 15MW to 70MW range.
Tavion noted it plans to own and operate assets across their full lifecycle, focusing initially on the Polish market.
The company said Poland offers strong demand for battery storage due to rising renewables, price volatility and new support schemes.
“Electrification is accelerating, but infrastructure isn’t keeping up,” said Emad Zand, chief executive officer and co-founder of Tavion (pictured).
“Battery storage is what will make tomorrow’s power system work in practice, and that’s where we’re concentrating our efforts.”
“Poland has a clear battery storage deficit today, and the market is moving fast,” said Katarzyna Suchcicka, head of Poland at Tavion.
“We’ve secured a strong pipeline early and see a clear path to scale.”