en.Wedoany.com Reported - French energy group Engie and Swedish energy technology company Flower have signed a seven-year flexibility purchase agreement covering a total of 126 megawatts of battery storage capacity in Germany, effective from January 1, 2029.

Structured as a virtual tolling agreement, the deal aims to facilitate the financing, construction, and commercialization of multiple battery storage projects. The initial portfolio includes a 100 MW/400 MWh battery energy storage system being developed by Flower in Hamburg, Germany, as well as a recently acquired 63 MW/257 MWh project in Döllnitz, Saxony-Anhalt.

Under the agreement, Flower is responsible for developing and optimizing the battery assets, while Engie provides energy trading, risk management, and portfolio management services. The two companies stated that this division of responsibilities helps mitigate market and operational risks while improving project economics.

Flower noted that the agreement marks the launch of a business model combining storage portfolio expansion with long-term commercialization arrangements. Both parties expressed interest in exploring further cooperation opportunities in European flexibility markets.

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