TotalEnergies Sells 50 Percent Stake in German Battery Storage Portfolio to Allianz Global Investors to Accelerate Renewable Energy Infrastructure

Posted on 4, March 2026 by | This entry was posted in Business, Energy, Gas & Oil, France, Germany, Industrial, Infrastructure & Utilities, Investment and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

TotalEnergies Sells 50 Percent Stake in German Battery Storage Portfolio to Allianz Global Investors to Accelerate Renewable Energy Infrastructure

(IN BRIEF) TotalEnergies has signed an agreement with Allianz Global Investors to sell a 50 percent stake in a portfolio of 11 battery energy storage projects currently under construction across Germany. The projects, developed by TotalEnergies subsidiary Kyon Energy, will have a combined capacity of 789 MW and 1,628 MWh and are expected to become operational by 2028. Together the partners plan to invest around €500 million in the infrastructure, with most of the funding supported through debt financing. TotalEnergies will continue to operate the storage facilities once completed, while next-generation battery technology will largely be supplied by Saft, another TotalEnergies subsidiary. The battery systems are designed to help stabilize Germany’s electricity grid by storing renewable power and releasing it when needed, reducing congestion and supporting the rapid expansion of renewable energy generation. The partnership also reflects TotalEnergies’ broader strategy to expand its integrated power activities in Germany, while Allianz Global Investors views the project as an important step in strengthening energy transition infrastructure and delivering long-term investment value.

(PRESS RELEASE) PARIS, 4-Mar-2026 — /EuropaWire/ — TotalEnergies has reached an agreement with Allianz Global Investors to sell a 50 percent stake in a portfolio of battery energy storage projects currently under development across Germany, marking a major investment in infrastructure designed to support the country’s expanding renewable energy sector. The partnership will see the two companies jointly invest approximately €500 million in the development of 11 large-scale battery storage facilities with a combined capacity of 789 megawatts and 1,628 megawatt-hours.

The projects, which are currently under construction, are expected to be fully operational by 2028. They were developed by Kyon Energy, a subsidiary of TotalEnergies focused on battery storage solutions in Germany. Once completed, the portfolio will provide significant energy storage capacity intended to strengthen the flexibility and stability of the German electricity system as renewable energy generation continues to grow.

TotalEnergies will remain the operator of the assets after the transaction is finalized, maintaining responsibility for the technical and operational management of the facilities. The agreement also outlines a financing structure in which approximately 70 percent of the €500 million investment will be funded through debt.

The battery installations are planned at various locations across Germany and will rely largely on advanced battery technologies provided by Saft, another TotalEnergies subsidiary recognized globally for high-performance industrial batteries. These next-generation storage systems will enable electricity generated from renewable sources to be stored and released when needed, helping balance supply and demand on the grid.

Energy storage infrastructure is increasingly viewed as a critical component of modern electricity systems, particularly in markets where renewable generation such as wind and solar is expanding rapidly. By storing excess electricity when production is high and releasing it during periods of higher demand, battery systems can reduce grid congestion and provide additional flexibility to maintain system reliability.

Germany represents a strategic market for TotalEnergies, where the company has built a presence across the entire electricity value chain. Its activities in the country include developing renewable power projects such as wind and solar farms, deploying flexible energy storage solutions, and operating electricity trading and aggregation platforms that help deliver low-carbon electricity around the clock.

Stéphane Michel, President of Gas, Renewables and Power at TotalEnergies, described the partnership as a significant step in advancing the company’s integrated power strategy in Europe’s largest electricity market. He noted that bringing Allianz on board as an investor supports the optimization of capital allocation within TotalEnergies’ power business while helping improve the profitability of large-scale infrastructure projects. The agreement also strengthens the company’s broader development momentum in Germany, where it continues to expand its clean and flexible energy portfolio.

Édouard Jozan, Head of Private Markets at Allianz Global Investors, highlighted the importance of strong infrastructure investments in enabling the transition to cleaner energy systems. The investment marks AllianzGI’s first direct equity participation in a portfolio of battery storage projects. With more than two decades of experience in energy transition investments spanning wind farms, solar facilities, green hydrogen platforms and electricity interconnectors, the firm views the partnership as an opportunity to reinforce Germany’s energy resilience while generating long-term value for investors.

Once operational, the battery portfolio will help improve the stability of Germany’s electricity grid by storing renewable power and supplying it when required, supporting the continued expansion of renewable generation across the country.

The completion of the transaction remains subject to customary regulatory approvals and closing conditions.

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager with more than 700 investment professionals in 21 offices worldwide, and managing EUR 591 billion in assets. We believe that with every change comes an opportunity. Our goal is to actively shape the future of investing for all our clients, wherever their location and whatever their objectives. Curious and active in everything we do, we aspire to generate impact beyond alpha, steering our clients’ assets towards the right place at the right time, and building solutions that draw on capabilities across public and private markets.
Our focus on protecting and growing our clients’ assets allows us to create trusted partnerships, underpinned by a commitment to sustainability and driving positive change.

About Allianz

The Allianz Group is one of the world’s leading insurers and asset managers with around 97 million customers* in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 764 billion euros** on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2025, over 156,000 employees achieved total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for the Group.

*Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.
** As of December 31, 2025.

TotalEnergies in Germany

TotalEnergies has been present in Germany since 1955 and employs around 4,000 people there.
TotalEnergies is actively deploying its electricity strategy in the country. The Company is developing an offshore wind portfolio with a total capacity of 7.5 GW in the North Sea and the Baltic Sea, as well as a 7 GW portfolio of solar and onshore wind projects, notably following the acquisition of VSB, and 2 GW of battery storage capacity with Kyon Energy, acquired in 2024. TotalEnergies also acquired Quadra Energy in 2023, the leading renewable power aggregator in Germany. The Company operates a network of more than 7,500 electric vehicle charging points in the country.
The Company also operates in Leuna one of the most modern refineries in Europe and offers a wide range of energy products: transport fuels, lubricants, liquefied gas, heating oil, bitumen and specialty products for industry, notably through its subsidiaries Hutchinson and Saft.
Finally, TotalEnergies is a major supplier of Liquefied Natural Gas (LNG) to the country, imported in particular via its regasification unit located in Mukran, on the German Baltic Sea coast.

TotalEnergies and electricity

TotalEnergies is building a competitive portfolio that combines renewables (solar, onshore wind, offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers.
At the beginning of 2026, TotalEnergies has more than 34 GW of gross renewable power generation capacity and aims to achieve over 100 TWh of net electricity production by 2030.

About TotalEnergies

TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.

Allianz Global Investors Contacts

TotalEnergies Contacts

TotalEnergies on social media

Cautionary Note
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. TotalEnergies SE has no liability for the acts or omissions of these entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).

SOURCE: TotalEnergies

MORE ON TOTALENERGIES, ETC.:
EDITOR'S PICK:

Comments are closed.