Scale Energy Secures Funding for 100MW Battery Storage Project
The founders of Scale Energy: Nikolas Fendel, Elias Aruna, and Christoph Kössler - © Scale Energy
Berlin-based Scale Energy has secured €2 million in seed funding to develop Europe's largest decentralized battery storage network, according to a company press release. The funding round was led by Climentum Capital, with participation from Vireo Ventures and existing investors Antler and P3A.
The startup's innovative approach focuses on utilizing existing industrial grid connections rather than building new infrastructure. This strategy allows companies to store energy in batteries, enabling them to shift electricity consumption to lower-price periods and reduce grid fees through peak shaving.
The timing is crucial, as European energy prices currently run two to three times higher than in the United States. According to Frontier Economics, battery storage could lead to €12 billion in electricity trading cost savings by 2050. Scale Energy's own projections suggest potential annual savings of over €9 billion for German industry.
The company has already developed a project pipeline exceeding half a gigawatt across more than 100 industrial sites in Germany and Austria. Additionally, Scale Energy has secured a 100 MW battery project commitment from an energy-focused infrastructure investor.
"At Scale Energy, our mission is to support industrials in redefining their energy use," said CEO Elias Aruna. "We deliver solutions that reduce energy costs, stabilize the grid, and drive decarbonization."
The funding round also attracted notable angel investors, including Dr. Christine Prauschke, former Chief Digital Officer at Enpal, and Thomas Rüschen, former Deutsche Bank senior executive.
