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Bluestar Energy Capital Launches Noveria Energy
Bluestar Energy Capital, known as BEC, has unveiled Noveria Energy, a new venture aimed at driving forward battery energy storage system (BESS) projects across Europe, starting with a robust focus on the German market. This initiative marks BEC's strategic expansion into the European energy sector, leveraging its established expertise in renewable energy development from previous successes in the U.S. and Australia.
Noveria Energy's debut comes with a substantial pipeline of projects totaling over 2 gigawatt-hours (GWh), currently advancing through various stages of interconnection and permitting. The platform is spearheaded by Ben Brooks, an industry veteran with significant portfolio management and engineering roles at Schroders Greencoat and DNV, underscoring Noveria's commitment to operational excellence and technical proficiency.
Neil O'Donovan, Chair of Noveria Energy and President of BEC, highlighted the pivotal role of strategically located energy storage projects in facilitating Europe's energy transition. He emphasized the increasing demand for grid system services amidst volatile energy pricing dynamics, ...
... particularly in Germany and other key regions. Noveria Energy aims to meet this demand by becoming a leading developer and operator of large-scale BESS projects across Europe.
BEC's growth trajectory has been bolstered by a successful initial capital raise of $100 million in 2022, led by founders Declan Flanagan and Neil O'Donovan, with investments from S2G Ventures and Great Bay Renewables. This capital infusion has facilitated BEC's expansion into key markets, including the United States, Australia, and now Europe, amassing a substantial global pipeline exceeding 10 gigawatts (GW) encompassing wind, solar, and storage projects.
Read More - https://www.techdogs.com/tech-news/business-wire/bluestar-energy-capital-launches-noveria-energy-a-european-battery-storage-development-platform-with-2gwh-of-german-projects
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