BW ESS and MIRAI Power partner to co-develop BESS in Southern Germany
BW ESS and MIRAI Power partner to co-develop BESS in Southern Germany
Development partnership covers up to 1GW of large-scale energy storage projects
11th February 2025, ZURICH/MUNICH — Global energy storage owner-operator BW ESS and Munich-based energy storage developer MIRAI Power have signed a joint development agreement, setting out plans to co-develop up to 1GW of energy storage projects in Southern Germany.
Germany is rising to prominence as a growth hotspot for large-scale battery energy storage systems (BESS) in Europe, as the power market seeks to effectively integrate large volumes of renewable energy capacity, while managing negative pricing and curtailment risks. Germany is both Europe’s largest power market and its most liquid one. Around 7GWh of new storage is expected to be added by 2026 – a five-fold increase in capacity .
MIRAI Power is a pioneering BESS developer focused on the European market, led by a team with an extensive track record at leading renewable power development firms and utilities. Coupling this with BW ESS’ experience of rapidly scaling energy storage pipelines across a range of other global markets, as well as its proven supply chain and investment connections, the partners will jointly originate and develop opportunities in the South of the country.
Roberto Jiménez, Executive Director of BW ESS, said: “The MIRAI team share many of the same attributes as our own team – they are pragmatic, move fast and have shown considerable commercial acumen. Most importantly, they share our commitment to unlocking the value of energy storage. We’re excited to see the opportunities this partnership creates as we expand our presence in the German market.”
Marco Frascati, Managing Director of MIRAI Power, added: “Our mission is to contribute to a sustainable and reliable energy supply – through future-proof, innovative BESS projects strategically sited throughout Europe. Southern Germany is a region with huge energy storage development potential, and our partnership with a global leader like BW ESS will help us accelerate our efforts to decarbonize the energy system.”
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About BW ESS:
BW ESS is a global energy storage owner-operator, moving with speed to develop, fund and operate market-leading energy storage projects across multiple countries. Working with strategic partners in the UK, Australia, Italy, Germany and Sweden, the business has grown a development pipeline of about 7GW, with over 1.5GWh of projects currently in construction. As an active investor with development exposure, BW ESS has a strategy to hold assets for the long-term, taking a hands-on approach to unlock value throughout the energy storage asset lifecycle. Part of BW Group, BW ESS is able to leverage a global industry network, as well as decades of experience in energy infrastructure investment, delivery, and operation. To find out more, visit: https://bw-ess.com/
About MIRAI Power:
MIRAI Power, an energy storage company founded in 2024 by Julian Gerstner and Marco Frascati, builds on a decade of leadership by its founders, who have been at the forefront of the rise of Battery Energy Storage Systems (BESS) as a key solution for decarbonization. Headquartered in Germany, MIRAI is committed to becoming a leader in the development, construction, and operation of energy storage systems across Europe and beyond. The company is dedicated to delivering projects that set new standards in value, quality, and innovativeness both in technology and business models. To find out more, visit: www.mirai-power.com
Media contacts:
Laurenz Krumbacher
Tamarindo
bwess@tamarindo.global
Hana Schoon
BW ESS
hana.schoon@bw-group.com
Marco Frascati
MIRAI Power GmbH
info@mirai-power.com