The funding will enable Scale Energy to increase its operational footprint across Germany and accelerate the deployment of industrial battery projects.
Scale Energy is building Europe’s largest decentralised network of energy storage. Instead of building expensive greenfield storage infrastructure, the company uses existing, often underutilised grid connections to store energy in batteries and balance the power grid. Additionally, by using the storage to shift electricity consumption from high- to low-price time windows and reduce their grid fees via peak shaving, industrials enhance their energy security, lower CO₂ emissions, and meet their sustainability targets.
At a time when Europe is facing the twin challenges of rising energy costs and transitioning to renewable energy, this solution has never been more important. Energy prices in Europe are now between two to three times higher than in the US. Frontier Economics estimates that battery storage could save 12 billion euros in electricity trading costs by 2050, while Scale Energy predicts that its solution could save German industry more than 9 billion euros per year.
Scale Energy has already developed a project pipeline of more than half a gigawatt at more than 100 industrial sites, mainly in Germany and Austria. Existing customers of Scale Energy include paper producers, automotive suppliers and aluminum manufacturers. Any organisation that has access to a grid connection of more than 1,000 Kilowatts can benefit from Scale Energy’s services.
The three founders Christoph Koessler, Nikolas Fendel and Elias Aruna combine expertise in energy operations, infrastructure financing, and engineering.
“At Scale Energy, our mission is to support industrials in redefining their energy use” said Elias Aruna, CEO. “We deliver solutions that reduce energy costs, stabilise the grid, and drive decarbonisation.”
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