NEON advises Energisto eG on Joint Venture with LichtBlick

13 June 2024 | NEON has advised the Munich-based innovative project development boutique Energisto, in forming a joint venture to develop large-scale battery storage sites together with Lichtblick, one of the leading players in renewable energies for many years.
The joint venture is named GigaCharge and will initially start with the development of a portfolio of about 20 early-stage projects already under development. The company underscores the growing importance of battery storage systems in stabilizing power grids and managing energy supply fluctuations, making them a key component in the energy transition.

GigaCharge bundles the strengths of the partners to develop and establish this innovative new asset class in the renewable energy sector, which is designated to play a critical role in energy storage and distribution, thus supporting the broader goals of the energy transition.

Background:

NEON’s expertise in Real Estate and Corporate M&A, particularly in joint venture structures and transactions, was pivotal in advising Energisto in this complex deal. This advisory role highlights NEON’s commitment and growing practice to advise innovative renewable energy projects.