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Munich and Aarhus (Denmark), June 12, 2023. Kyon Energy, a project and business developer specializing in battery energy storage systems, and Obton, a leading operator in the development and acquisition of solar PV plants, have entered into a framework agreement. Through this partnership, the two companies commit to adding 600 MW of storage capacity over the next three years. By 2026, this will result in investments in the high hundreds of millions into the German energy infrastructure. This is the largest framework agreement for battery storage projects between project developers and investors in continental Europe and a significant contribution to the success of the energy transition.

Kyon Energy will handle the entire project planning of the battery storage projects, including site development, grid connection planning, construction law development, and layout design. The development of the business model and the turnkey commissioning of the battery storage will be managed jointly by the parties. Obton additionally brings financing for the projects and the operation of the completed battery storages to the partnership.

The collaboration has already begun. The first project within the framework agreement has reached ready-to-build status. In Tangermünde (Saxony-Anhalt), a battery storage with a capacity of 15.8 MW and 32.0 MWh is being constructed. Furthermore, Kyon Energy and Obton have already commissioned two joint projects in 2022: the battery storages at the locations Bad Düben and Elsteraue, totaling 27.6 MW and 32.4 MWh respectively.

Large-scale battery storage plays a significant role in the energy transition and in providing flexibility for the electricity grid. They balance the high volatility in electricity generation from renewable energies, store excess electricity, and feed it back into the grid as needed and profitably at a later time. Fraunhofer ISE estimates the need for such storage in Germany by 2030 at 104 GWh - but so far, only 1.2 GWh are covered.

"The framework agreement with Obton is a milestone for the expansion of energy infrastructure in Germany," says Florian Antwerpen, CEO of Kyon Energy. "The addition of 600 MW of storage capacity will significantly increase the flexibility of the grids. We are proud to make this contribution to the success of the energy transition."

"At Obton, we are very proud to be at the forefront, together with Kyon Energy, of ensuring the essential flexibility of the German energy infrastructure, and see this as a natural extension of our business in the solar PV sector," says Torsten Lauritsen, Head of Battery Storage at Obton. "With this pioneering framework agreement, we reaffirm our commitment to invest in the promotion of the green energy transition."

About Kyon Energy
Kyon Energy is a German project and business development company focused on large battery storage systems. With 121 MW of battery storage systems successfully developed and sold with partners in 2022 and a current project pipeline of over 3 GW, Kyon Energy is one of the market leaders in Germany. The company places a special focus on the development and optimization of multi-use strategies, combined with deep expertise in project development and management, and the regulation of large-scale battery storage. Through its battery storage systems, Kyon Energy is driving the energy transition and aims for a world powered by renewable, sustainable, and independent energy.

About Obton
Obton is a leading operator in the development and acquisition of solar PV plants - mainly in Europe, but also in Asia, Australia, and Canada. The company has been active in the solar energy sector since 2009 and actively operates more than 1,200 PV plants in twelve countries. Obton offers opportunities to invest in large solar and battery storage funds and currently manages around 3.5 billion EUR on behalf of more than 4,200 Danish investors.