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Climate: Featured Story
Coverage from Eu Startups, Trend Hunter, and others
Return Secures €835 Million Financing for German Battery Storage
Amsterdam-based energy storage company Return secured €835 million in portfolio financing underwritten by Deutsche Bank and Rabobank to expand its battery storage business in Germany. The framework initially covers three projects totaling 117 MW and is designed to accommodate additional eligible projects as they reach financial close. Return plans to install at least 1 GW of capacity annually in Germany from 2027, linking physical battery assets with its Virtual Flexibility Portfolio as renewable generation grows.
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The most comprehensive account of the financing, initial project coverage, and Return’s German expansion plans.
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Adds detail on the three projects already under construction and how additional projects can join the financing framework.
The financing framework is in place, with three projects totaling 117 MW identified as its initial coverage. Return’s larger German build-out remains a plan: it aims to install at least 1 GW annually from 2027, rather than reporting that target as already achieved.
The €835 million portfolio financing is underwritten by Deutsche Bank and Rabobank and is intended to support Return’s expansion in Germany.
The initial framework covers three battery-storage projects totaling 117 MW, reported as already under construction; further eligible projects may join as they reach financial close.
Return plans to install at least 1 GW of battery-storage capacity annually in Germany from 2027. EU-Startups also reports planned annual investment of €750 million to €1.2 billion from 2027, depending on market conditions.