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Debt · 2026-11-04 · Climate/Energy

Return raises $901.8M

72
AI Score
Amount
$901.8M
Round
Debt
Lead
Not disclosed
HQ
Amsterdam, NL
Why it matters: The financing details show how a virtual flexibility portfolio bundles battery capacity for utilities, a model other European storage startups are also pursuing.

Amsterdam-based energy storage startup Return has secured €835 million in portfolio financing underwritten by Deutsche Bank and Rabobank to expand battery storage in Germany. Return aims to install at least 1 GW of battery storage capacity annually from 2027 and plans to invest €750 million to €1.2 billion a year in German projects. The initial framework covers three German projects totaling 117 MW.

Participants:
Deutsche Bank, Rabobank

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Figures marked company-reported are unaudited. Not investment advice. Request a correction or removal (team@midu.si).

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