French oil major TotalEnergies has made a final investment decision of €75 million for a new battery energy storage project in Germany.
Project Details
Located near the Belgian border in Dahlem, North Rhine-Westphalia, the storage site will have batteries with a capacity of 200 megawatt-hours and 100 megawatts of power.
The batteries will be designed with lithium-iron-phosphate (LFP) technology, commonly used in electric vehicles, in a container-based system developed by TotalEnergies’ subsidiary Saft.
Project Partners
Two other companies recently acquired by TotalEnergies will participate directly in the project: Kyon Energy, a developer of storage systems, and Quadra Energy, which will act as an intermediary in sales between the electricity producer and customers.
The project is scheduled to begin commercial operation in the second half of 2026.
Renewables Commitment
TotalEnergies CEO Patrick Pouyanné has refuted any claims of the company disengaging from renewable energy, following the sale of half of the group’s stakes in certain projects.
He explained the move as a desire to achieve better profitability and manage risks more effectively.
Renewable Energy Goals
TotalEnergies, which claims to be the “largest French investor in renewable energies,” had a total of 22.4 gigawatts of renewable electricity capacity in 2023, slightly above its target, and aims for 100 gigawatts by 2030.
Investment Allocation
As in 2023, TotalEnergies plans to allocate a third of its total investments in 2024 to what it calls “low-carbon energies,” including around $5 billion in its “electricity” branch.
This branch includes wind, solar, battery storage, and gas-fired power plants, which TotalEnergies presents as an essential link in the renewable energy chain to compensate for their intermittency.