Terra One, a German developer of grid-scale battery storage methods, has secured as much as €150 million in mezzanine financing from Aviva Traders. Alongside fairness and undertaking financing, these funds will allow Terra One to take a position as much as €750 million in new storage belongings.
This can allow the corporate to construct up a complete capability of round 3 GWh – which is sufficient to meet the electrical energy wants of roughly 20% of all German households for one hour. Germany has roughly 41 million households (as of 2024/2025).
“This financing is a milestone for Terra One and for the vitality transition in Europe,” mentioned Tony Schumacher, Founder and CEO of Terra One. “With Aviva Traders at our aspect, we will speed up the growth of large-scale battery storage considerably. In doing so, we’re making a decisive contribution to safety of provide and making Europe’s vitality system extra unbiased and resilient. On the similar time, the hybrid financing construction provides us the flexibleness and scalability we have to set up Terra One as one of many main unbiased storage builders in Europe.”
Based in 2022, Terra One develops, funds, and operates grid-scale battery storage tasks that present flexibility to energy methods more and more reliant on renewable vitality. Its proprietary machine-learning buying and selling platform optimises asset efficiency throughout wholesale and ancillary markets, enabling safe, inexpensive, and sustainable energy for Europe.
Their algorithmic energy buying and selling platform makes use of a machine-learning structure to function their batteries autonomously.
“Vitality storage is the spine of a carbon-neutral future,” added Adam Irwin, Director Infrastructure Fairness at Aviva Traders. “We’re investing in Terra One as a result of the corporate has confirmed its skill to ship tasks rapidly, reliably, and to the very best requirements. Collectively, we goal to take the European storage market to the following stage and speed up the transformation of Europe’s vitality methods.”
Because the vitality transition progresses, market volatility and the pressure on electrical energy grids are rising. Battery storage methods are essential for integrating renewable energies, stabilising grids and strengthening European vitality independence.
Terra One combines undertaking experience, progressive financing constructions and an AI-based buying and selling platform. This makes the corporate a number one accomplice for grid operators, banks and traders within the dynamically rising storage market.
