Hamburg, 10.07.2025 - The Hamburg-based power trader, direct marketer, and power supplier CFP FlexPower has founded an independent subsidiary to expand the development and operation of grid-connected large battery storage systems in Germany. The new company, FlexPower Energy, focuses on providing energy storage systems rated between two and 50 megawatts of power.
In addition to traditional project development tasks, the subsidiary will also act as a technical general contractor (EPC) and take over the operational management of the batteries. The large battery storage systems built will be utilized by the parent company CFP FlexPower on the spot market as well as for providing system services such as primary and secondary ancillary services to the transmission system operators. CFP FlexPower already has an existing trading portfolio of third-party large battery storage systems and will expand its traded flexibility potential with its own assets.
FlexPower Energy is designed as a platform for institutional investors and project partners. It will enable both co-investments and independent project developments and also serve as a point of contact for landowners and local cooperation partners. With the establishment of the new unit, CFP FlexPower responds to the growing importance of flexibility in the power system and the increasing interest of institutional investors in storage-based infrastructure projects. While operating independently, FlexPower Energy will receive administrative and strategic support from CFP FlexPower.
Delivery and installation of the first large battery storage system of FlexPower Energy GmbH
The management of FlexPower Energy GmbH will be handled by Fabian Eckl and Amani Joas. Fabian Eckl sees the development of a regionally distributed portfolio of large battery storage systems as a necessary response to the high demand for power storage in Germany:
"In intraday power trading, we regularly observe price fluctuations of several hundred euros per megawatt-hour. In addition, there are high prices for physically balancing grid fluctuations through the delivery of ancillary services to the transmission system operators. These price incentives highlight the importance of providing flexibility in a power system that is now largely powered by renewable energies. With our EPC offering, we are positioning our parent company CFP FlexPower, as well as other interested investors, to meet the new power reality."
Amani Joas, who is also a member of the management team at CFP FlexPower, adds:
"As power traders, we understand the value of flexibility and are now investing part of our profits in the development of our own physical flexibility. In doing so, we are advancing the next phase of the energy transition not only as power traders but also as developers and operators of assets. We started as a trading company but early on set the strategy to become a fully integrated energy company: From generation and storage to power supply, we now cover the entire value chain. Additionally, we have created PowerMatch, a platform that transparently reflects and facilitates the standardized trading of all products along this chain."
The current project pipeline of FlexPower Energy GmbH includes storage projects with a total capacity of 510 megawatts and a planned capacity of around 1.2 gigawatt-hours by 2029. Initial projects in Lower Saxony and Bavaria are already in the implementation phase.
Contact
For more information, please contact:
FlexPower GmbH | Jasmina Utzat | Communications | jutzat@flex-power.energy