Bluestar Energy Capital (BEC) has announced the launch of Noveria Energy, a platform dedicated to developing battery energy storage systems (BESS) in Europe. This new venture will initially focus on the German market, with a project pipeline exceeding 2GWh currently progressing through interconnection and permitting processes.
Focus on German Battery Storage Market
Noveria Energy’s initial projects are centered in Germany, a key market for energy storage due to its volatile energy pricing and high demand for grid system services. Led by Ben Brooks, an experienced professional with a background in portfolio management and engineering at Schroders Greencoat and DNV, the team aims to rapidly scale battery storage capacity.
Neil O’Donovan, Chair of Noveria Energy and President of BEC, emphasized the strategic importance of well-located energy storage projects for Europe’s energy transition. He noted the increasing demand for grid system services and the benefits of BEC’s development experience in the U.S. and Australia. Noveria Energy aspires to be a leading developer and operator of large-scale energy storage projects in Germany and other select European markets.
Bluestar Energy Capital’s Global Expansion
Since its $100 million formation capital raise in 2022, Bluestar Energy Capital has been expanding its global presence. Founders Declan Flanagan and Neil O’Donovan, with investment from S2G Ventures and Great Bay Renewables, have built a global pipeline of over 10 GW of wind, solar, and storage projects. The company is actively developing platforms in the U.S., Australia, and now Europe, with Noveria Energy being a crucial part of its European expansion.
About Noveria Energy
Noveria Energy, established by Bluestar Energy Capital in 2024, focuses on advancing the energy transition in Europe through the development and operation of large-scale battery energy storage systems. Leveraging Bluestar’s extensive experience from the U.S. and Australia, Noveria aims to support the growing demand for energy storage solutions in Germany and beyond.
About Bluestar Energy Capital
Bluestar Energy Capital is a global renewable energy investment company that focuses on development platforms and project development capital. Headquartered in Chicago, Illinois, with offices in Austin, Texas, and Dublin, Ireland, BEC aims to deliver investable clean energy projects at scale.
Source：businesswire.com
