Large-scale battery storage systems will play a crucial role in the future of the energy transition and the stabilization of the power grid. To provide the necessary capacity, the newly established company Primeo Battery AG, jointly founded and owned by Primeo Energie and Clean Energy Infrastructure Switzerland 3 (CEIS 3), has commenced operations.
The new company was founded on Wednesday, 20 November 2024, in Münchenstein. Its purpose is the construction and operation of large-scale batteries in Switzerland, with the goal of realizing significant nationwide storage capacity in the coming years. This initiative highlights the commitment of Primeo Energie and the investment platform CEIS 3 to delivering sustainable and effective energy solutions that ensure supply security and enable a successful energy transition.
Large-scale batteries make a key contribution to this transformation by compensating for weather-related fluctuations in the rapidly growing production of renewable energy, thereby enhancing supply security. Primeo Energie brings extensive expertise in the development and implementation of such projects, as well as in the commercialization of large-scale batteries, to this partnership.
Co-investor CEIS 3 is a joint initiative of Swiss Life Asset Managers and UBS Asset Management. Swiss Life Asset Managers, as the portfolio manager of CEIS 3, supports the ambitious expansion targets with its extensive project experience in advancing the energy transition in Switzerland and internationally.
Media Contact: Viktor Sammain, PR Editor, Email: presse@primeo-energie.ch
