LONDON & FREIBURG - September 29, 2025 - VPI, a leading power company backed by Vitol, an energy and commodities company, plans to develop more than 700MW of utility-scale battery storage in Germany through a joint venture with Noveria Energy, a Germany-headquartered project developer backed by Bluestar Energy Capital.  

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The 700MW pipeline consists of five battery projects located in the states of Baden-Württemberg and Brandenburg. The projects have power capacities ranging between 60MW and 300MW, making them some of Germany's largest battery storage systems. They are expected to be operational by the end of the decade, with the first project targeted for completion in 2027. 

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Already a major battery operator in Ireland, VPI will add the 700MW to the battery capacity in its existing pipeline in Germany, bringing the total batteries pipeline to more than 1GW. VPI will aim to develop, build, operate and trade these assets. Combined with the local expertise of Noveria Energy, a battery energy storage development specialist with a wider pipeline of 2GW of projects across multiple states in Germany, the company will have a strong platform in Europe for investing in the technology. 

Batteries, along with flexible technologies like gas-fired generation, play a crucial role in the energy transition in markets like Germany. They help stabilise the variability of renewables, which now make up 55% of Germany’s energy system. According to leading think tanks such as Fraunhofer ISE and Frontier Economics, 15-30 GW of utility-scale batteries will be needed by 2030 in Germany to help manage the system. However, to address the challenges of grid operability and congestion while ensuring commercial viability for owners and operators, batteries must be strategically located and optimised effectively. 

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This joint venture comes as VPI completes a financial investment decision on its first battery project in Hessen and is now ready to build, less than a year after starting activities in Germany.  

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Jorge Pikunic, Chief Executive Officer of VPI said:  

"Battery storage systems work hand in hand with renewables, which now make up more than half of Germany’s energy system, to deliver clean, reliable power. Successfully deploying batteries requires a deep understanding of the energy system to ensure they are built and operated where and when they are needed.  VPI is uniquely positioned to offer an end-to-end battery solution in Germany. We have a proven track record of safely developing, constructing, and operating power assets, as well as trading them effectively. We are excited to partner with Noveria, whose deep regional knowledge and expertise will help us successfully develop these battery projects." 

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Neil O'Donovan, Executive Chair of Noveria Energy said:

“Utility-scale battery energy storage has a key role to play in the energy transition in Germany and Noveria Energy is well positioned to play a meaningful role in the market. Combining Noveria’s community-first, on-the-ground development work with VPI’s expertise in energy markets makes for a great partnership"