Bluestar Energy Capital has launched Noveria Energy, a project development platform focused on European battery energy storage system (BESS) projects.
Noveria Energy will initially focus on the German market, where it has assembled a project pipeline of over 2GWh which is progressing through interconnection and permitting processes.
The platform will be led by Ben Brooks, based in Germany.
Prior to joining Noveria Energy, Brooks held portfolio management and engineering roles at Schroders Greencoat and DNV respectively.
Chair of Noveria Energy and president of BEC Neil O’Donovan said: “Well-located energy storage projects are a key enabler of the energy transition in Europe.
“An increasing demand for grid system services this decade coupled with increasingly volatile energy pricing across Germany and other regions underscore the need to rapidly scale battery storage capacity.
“Benefiting from BEC’s development experience in the US and Australia, Noveria Energy’s vision is to be a leading developer and operator of large-scale energy storage projects in Germany and other select European markets.”
Bluestar Energy Capital has been successfully scaling its global presence since its initial $100 million formation capital raise in 2022 led by founders Declan Flanagan & Neil O’Donovan with investment from S2G Ventures and Great Bay Renewables.
The company is actively building development platforms in the US, Australia and now Europe and has built up a global pipeline of over 10GW of wind, solar, and storage projects.