Berlin-Based Terra One Secures €150M To Expand European Battery Storage Portfolio And Drive Energy Transition

This will allow the company to achieve a total capacity of about 3 GWh, enough to power roughly 20% of German households for one hour.

“This financing is a milestone for Terra One and for the energy transition in Europe,” said Tony Schumacher Founder and CEO of Terra One. “With Aviva Investors at our side, we can accelerate the expansion of large-scale battery storage significantly. In doing so we are making a decisive contribution to security of supply and making Europe’s energy system more independent and resilient. At the same time, the hybrid financing structure gives us the flexibility and scalability we need to establish Terra One as one of the leading independent storage developers in Europe.”

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Founded in 2022, Terra One develops, finances, and operates grid-scale battery storage projects that support power systems with high renewable energy penetration. Its proprietary machine-learning trading platform autonomously optimizes battery performance across wholesale and ancillary markets, delivering secure, affordable, and sustainable electricity across Europe.

“Energy storage is the backbone of a carbon-neutral future,” added Adam Irwin, Director Infrastructure Equity at Aviva Investors. “We are investing in Terra One because the company has proven its ability to deliver projects quickly, reliably, and to the highest standards. Together, we aim to take the European storage market to the next level and accelerate the transformation of Europe’s energy systems.”

As the energy transition advances, electricity grids face rising volatility and strain. Battery storage systems play a key role in integrating renewables, stabilizing grids, and boosting Europe’s energy independence.

Terra One leverages project expertise, innovative financing, and an AI-driven trading platform, positioning itself as a trusted partner for grid operators, banks and investors in the expanding storage market.

About Terra One

Terra One pioneers Europe’s climate transition with large-scale battery storage, stabilizing grids and enabling renewable integration. Combining project development, asset management and AI-driven power trading, its autonomous systems deliver reliable affordable clean energy. Partnering with communities, landowners, and grid operators, Terra One is reshaping energy infrastructure for a sustainable future.