STEAG Battery Systems, a major energy service provider and power generator in Germany, has mandated D.CT to raise growth capital for its 90 MW lithium-ion battery portfolio.
About the Target – STEAG Battery Systems
STEAG Battery Systems, a subsidiary of STEAG, has developed and built the largest Li-ion battery with a storage capacity of 90 MW for the primary control power market in Germany. STEAG intends to expand its portfolio with a further 75 MW of storage capacity and mandated D.CT to raise growth capital for this expansion.
About the Owner – STEAG
STEAG GmbH (“STEAG”) is a major energy service provider and power generator in Germany, known for its large and diversified portfolio of power generation assets. The company’s core business is the production and distribution of electricity, gas and district heating, as well as the provision of a range of energy-related services to commercial and private customers. In line with its commitment to sustainable energy practices, STEAG has invested heavily in renewable energy sources, including wind and solar power. The company also offers energy efficiency consultancy services and is involved in energy trading.