Tion Renewables acquires 13MWh German battery, but withdraws from UK project

January 4, 2024

Germany-headquartered Tion Renewables has acquired a 10MW / 13MWh lithium-ion battery energy storage system (BESS) in Thuringia, Germany.

The project, which is connected directly to the electricity grid, is currently under construction and is expected to become operational in the second half of 2024.

Tion will acquire 90 per cent of the battery storage project in two phases –  the project developer and seller will remain invested with a 10 per cent stake.

Meanwhile, Tion also announced it had withdrawn from a BESS project in the UK – which it had acquired in November 2022 – due to delays in the construction phase, “in particular relating to the grid connection”, a Tion statement said. “Tion will exercise its withdrawal right in the purchase agreement to reverse the acquisition”, the statement continued.