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Mar 3, 2026 8:01 AM

TotalEnergies Invests $581 Million To Develop 800 MW Of Battery Storage Projects In Germany

TotalEnergies (NYSE:TTE) has entered into an agreement with Allianz Global Investors to sell a 50% stake in 11 battery storage projects in Germany.

This strategic move, announced on Tuesday, March 3, 2026, involves a total investment of 500 million euros (~$581 million), with the projects expected to be operational by 2028.

TotalEnergies Move In Germany

These projects will contribute significantly to the German energy market by enhancing grid stability and supporting renewable energy growth.

The projects, developed by TotalEnergies subsidiary Kyon Energy, will utilize next-generation batteries from Saft, another subsidiary of TotalEnergies.

The partnership with Allianz is expected to bolster Germanys energy infrastructure, with TotalEnergies maintaining operational control of the assets.

This collaboration is part of TotalEnergiesbroader strategy to optimize capital ...