Return secures €835 million to expand battery storage in Germany
Amsterdam-based Return has raised €835 million in portfolio financing from Deutsche Bank and Rabobank to build large-scale battery storage in Germany.
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giftdetect· the right gift in minutesAmsterdam-based energy storage startup Return has secured €835 million in portfolio financing underwritten by Deutsche Bank and Rabobank. The money will fund the company's expansion in Germany.
Return says it aims to install at least 1 GW of battery storage capacity per year in Germany from 2027 onwards. The company specialises in large-scale battery systems and energy flexibility services.
Why it matters
Large battery systems help balance electricity grids by storing power when supply is plentiful and releasing it when demand rises. A financing package of this size, backed by two major European banks, signals that lenders are willing to back storage projects at scale.
For Germany, where renewable generation continues to grow, additional storage capacity can support grid stability and make better use of wind and solar output.
What comes next
The target of at least 1 GW annually starts in 2027, so the coming period will be about building out the project pipeline that the portfolio financing is meant to support. Further details on sites and timelines were not part of the announcement summary.
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