Blue Elephant Energy GmbH

Hamburg, April 15, 2025 — Blue Elephant Energy GmbH (“BEE”), an independent power producer specializing in renewable energy, has acquired a majority stake in Solar215 GmbH (“Solar215”), a Hamburg-based developer focused exclusively on utility-scale BESS.

Founded in 2023, Solar215 concentrates on battery energy storage system (BESS) development in response to Germany’s accelerating energy transition. The company has built a robust, organically sourced BESS pipeline totalling 4.5 GW, with further growth potential.

This acquisition marks a significant step forward in BEE’s growth journey and battery storage strategy - a critical enabler of grid flexibility, renewable integration and decarbonization.

Through this partnership, Solar215 will accelerate its growth trajectory by gaining access to BEE’s deep market expertise, financial capabilities, and extensive industry network. The integration of flexible storage assets also offers a natural hedge against generation intermittency, enhancing the reliability and sustainability of BEE’s Central European portfolio.

The founding team and senior leadership of Solar215 will remain actively involved in the company, ensuring continuity and leveraging BEE’s long-term commitment to support their shared vision of building a market-leading BESS platform.

Felix Goedhart, founder and CEO of BEE, declared:
“Solar215, under the leadership of its deeply committed founders, is exceptionally well positioned to capitalize on the momentum in the German BESS market. With strong regulatory tailwinds, a growing need for grid-balancing solutions and the country’s ambitious renewable energy targets, this partnership aligns perfectly with our long-term strategy to build a flexible and future-proof energy platform.”

Friederike Rickers and Christian Bernau, Co-Founders of Solar215, added:
“We are excited to join forces with Blue Elephant Energy. Their long-term commitment, strategic expertise and shared vision for the energy transition make them the ideal partner to help us scale our platform and capture the immense opportunities ahead in battery storage.”

Germany’s energy transformation underscores the urgent need for scalable storage solutions. In this environment, BESS is emerging as both a commercially attractive asset class and a cornerstone of system resilience.

Solar215 is uniquely positioned to benefit from favourable market dynamics, including reforms in the balancing and ancillary services markets, increased liquidity in the 15-minute intraday market and streamlined permitting processes. These shifts significantly enhance the commercial viability of battery storage and reinforce its strategic importance.

Battery storage also plays a central role in meeting sustainability goals. By enabling higher renewable penetration, reducing curtailment and easing grid congestion, BESS contributes directly to decarbonization, fully aligning with BEE’s mission and portfolio strategy.
 
About Blue Elephant Energy GmbH
Blue Elephant Energy GmbH develops, acquires, and operates solar and wind parks across nine countries, with a strategic focus on Western and Central Europe as well as South America. Since its founding in 2016, BEE has built a renewable energy portfolio of 1,730 MW. By the end of 2023, its assets had avoided over 3 million tonnes of CO? emissions and delivered clean electricity to nearly 2.4 million households. As part of its ESG commitment, BEE actively supports local social initiatives, particularly in Chile and the Dominican Republic, and maintains a growing development pipeline of approximately 4.5 GW solar and wind energy assets.

Contact:
Blue Elephant Energy GmbH
Karen Westphal
Jungfernstieg 51
20354 Hamburg
Fon: +49 40 320 27 21 0
Fax: +49 40 320 27 21 02
E-Mail: IR@blueelephantenergy.com