Handelsblatt - How the business with large battery storage systems is gaining in importance

Battery storage systems were unprofitable for a long time. But the market is now booming. The start-up Terra One also wants to set itself apart from other operators with artificial intelligence.

The start-up Terra One specializes in addressing the challenges of the energy revolution by bridging the discrepancy between production and demand for renewable energy with innovative battery storage systems.

The company recently raised almost seven million euros in a financing round, led by investors such as PT1 and Neosfer, as well as investments from industry personalities such as N26 co-founder Maximilian Tayenthal.

Terra One uses artificial intelligence to determine the optimal time to charge and unload the storage systems, based on the maximum share of renewable energy in the grid and the current electricity prices.

This approach promises to make efficient use of storage capacities and provides a profitable solution for spot market trading. The company already has a pipeline of 300 projects with a total planned capacity of more than 20 gigawatt hours and aims to become one of the largest operators in Europe.