EU-Startups· David Cendon Garcia·· 3 hours agoTop DealsAI Score72
Return secures €835M financing from Deutsche Bank and Rabobank to expand German battery storage
Return secures €835 million financing to expand battery storage capacity in Germany
AI Overview
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.
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.
Source:EU-Startups · eu-startups.com