Energy Storage News•about 1 month ago
German BESS flexibility platform and operator Terralayr raises €192 million
Key Takeaway
This substantial funding for Terralayr highlights the accelerating investment in BESS development and sophisticated flexibility platforms, crucial for optimizing energy storage assets and grid services.
AI Summary
- •German BESS flexibility platform Terralayr secured €192 million (US$223 million) in funding.
- •The capital is primarily allocated to Terralayr's own build-own-operate Battery Energy Storage System (BESS) pipeline.
- •Terralayr is expanding its virtual BESS tolling and capacity virtualization platform, indicating a focus on optimizing BESS revenue streams and market participation.
- •This significant investment signals growing opportunities and competition in BESS deployment and advanced flexibility services for developers and large power consumers.
Topics
capacity-marketfinancingstorage
Article Content
Virtual BESS tolling platform startup Terralayr has raised €192 million (US$223 million), primarily for its own build-own-operate BESS pipeline. CEO Philipp Man spoke to Energy-Storage.news about the funding round and growing its capacity virtualisation and tolling platform.