Bluestar Energy Capital Launches Noveria Energy, a European Battery Storage Development Platform, with 2GWh of German Projects
17 Julio 2024 - 2:00AM
Business Wire
Bluestar Energy Capital (‘BEC’ or ‘the Company’) today announced
the launch of Noveria Energy, a project development platform
focused on European battery energy storage system (BESS)
projects.
Noveria Energy will initially focus on the German market, where
it has assembled a project pipeline of over 2GWh which is
progressing through interconnection and permitting processes. The
platform has an experienced team led by Ben Brooks, based in
Germany. Prior to joining Noveria Energy, Ben held portfolio
management and engineering roles at Schroders Greencoat and DNV
respectively.
“Well-located energy storage projects are a key enabler of the
energy transition in Europe,” commented Neil O’Donovan, Chair of
Noveria Energy and President of BEC. “An increasing demand for grid
system services this decade coupled with increasingly volatile
energy pricing across Germany and other regions underscore the need
to rapidly scale battery storage capacity. Benefiting from BEC’s
development experience in the U.S. and Australia, Noveria Energy’s
vision is to be a leading developer and operator of large-scale
energy storage projects in Germany and other select European
markets.”
Bluestar Energy Capital has been successfully scaling its global
presence since its initial $100 million formation capital raise in
2022 led by founders Declan Flanagan & Neil O’Donovan with
investment from S2G Ventures and Great Bay Renewables. The company
is actively building development platforms in the US, Australia and
now Europe and has built up a global pipeline of over 10 GW of
wind, solar, and storage projects.
About Noveria Energy
Noveria Energy (Noveria) is a European-focused battery energy
storage system (BESS) developer, primarily targeting the German
market. Established by Bluestar Energy Capital in 2024, Noveria is
dedicated to advancing the energy transition in Europe through the
development and operation of large-scale BESS projects. Leveraging
Bluestar’s extensive experience in BESS development from the US and
Australia, Noveria aims to build a robust pipeline of projects to
support the growing demand for energy storage solutions. Visit
Noveria Energy at https://www.noveriaenergy.com/.
About Bluestar Energy Capital
Bluestar Energy Capital (BEC) is a global renewable energy
investment company focused on development platforms and project
development capital. BEC delivers investable clean energy projects
at scale through its regional development platforms: Nova Clean
Energy, LLC, BEA Renewables and Noveria Energy. BEC is
headquartered in Chicago, Illinois, with offices in Austin, Texas,
Dublin, Ireland. Follow BEC on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717231440/en/
Media Contact: Wendy Prabhu, Mercom Communications
bluestar@mercomcapital.com US: +1.512.215.4452 UK:
+44.203.617.1930