Econergy has signed an option agreement to acquire 435MW of grid-licensed battery storage in Bad Lauchstadt, Saxony-Anhalt.
The company said the two projects are at ready-to-build stage pending final permits.
Econergy UK, which is around 75% owned by Econergy Renewable Energy, has secured the right to buy 100% of the German company holding the assets until 1 April 2026.
Construction is expected to begin by the end of 2026.
Econergy said the projects are located in a region moving from coal to clean energy, supported by initiatives such as Energiepark Bad Lauchstadt.
The company said the new capacity strengthens its European storage platform following the start of construction of the 100MW Senftenberg project in Brandenburg.
Econergy said its potential German storage portfolio now totals 535MW.
Econergy said the expansion diversifies its asset mix and reinforces its position in utility-scale storage.
Joshua Murphy, head of energy storage at Econergy, said: “Germany is rapidly becoming one of the most sophisticated and opportunity-rich storage markets in Europe.”
He said: “Regulatory clarity, market liquidity, and growing flexibility requirements are accelerating investment in high-quality BESS facilities.”
He said: “Our entry here reflects Econergy’s commitment to building a long-term storage platform in markets where the conditions support scalability, innovation, and bankability.”
Eyal Podhorzer, co-founder and chief executive of Econergy Renewable Energy, said: “Following a thorough assessment of the German storage market and the strong demand expected in the coming years, we are further expanding our presence in Germany.”
He said: “These projects are already almost ready for construction and have secured grid connection rights, giving us high confidence in their implementation and completion.”
He said: “We anticipate entering into long-term tolling agreements that will ensure stable cash flows with low exposure to market volatility.”
He said: “These large-scale projects, along with our first 100 MW site already under construction, significantly expand our footprint and diversify our renewable portfolio.”
He said: “Econergy continues to evaluate additional opportunities in Germany’s renewables market, which supports the nation’s goal to shift towards decarbonized, resilient energy systems.”
He said: “This also aligns with our goal to continue our strong momentum across Europe in 2026.”