The energy storage industry in the DACH region is pivotal for renewable energy integration. Key players range from corporations investing in lithium-ion and ultracapacitors to venture capital firms nurturing startups focused on efficiency and sustainability. With rising energy demands and rapid technological advancements, this industry is poised for robust growth. Emerging trends include investments in second-life battery applications and smart grid technologies, enhancing reliability and reducing transmission losses. As governments aim for carbon neutrality, energy storage solutions are critical to buffer supply intermittency while boosting renewable energy usage—a gateway to a sustainable energy future.


The current list features a blend of investor types, including corporate, venture capital, and private equity firms. Primarily headquartered in Germany, Switzerland, and Austria, these investors range from established entities like Deutsche Bank to startups like Aenu. With firm sizes from small teams to global giants, the listed investors have collectively engaged in diverse sectors of energy storage, completing a notable 205 deals in 2024. Their commitment spans new technologies and innovative solutions that address the pressing challenges of energy transition in the DACH region.


Top 14 Energy Storage Investors in DACH


1. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a leading technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue globally. The company is actively involved in the energy storage sector, as evidenced by its recent transactions. Notably, Siemens participated in the funding of Morrow Batteries, which focuses on developing sustainable battery technologies, and has also invested in Statera Energy and Strata Clean Energy, both of which are engaged in energy storage and management. These investments highlight Siemens' commitment to enhancing efficiency and sustainability in energy solutions, making them a relevant player in the energy storage industry.


2. Deutsche Bank

  • Website: db.com
  • Type: Corporate
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1870
  • Headcount: 10001+
  • Number of deals in 2024: 32
  • LinkedIn: deutsche-bank

Deutsche Bank AG, founded in 1870 and headquartered in Frankfurt, Hesse, Germany, is a leading investment bank and financial services provider. It offers a wide range of solutions including investment banking, corporate banking, cash management, trade finance, and securities services. The bank serves corporate and institutional clients, helping them manage their financial assets and liquidity effectively through its digital platform, Autobahn. In recent years, Deutsche Bank has been involved in several significant transactions in the energy sector, including a $940 million debt financing for Greenko Group, a company focused on renewable energy and energy storage solutions, and multiple debt financing rounds for Intersect Power, which raised $837 million and $800 million in 2024 and 2023, respectively. These transactions highlight Deutsche Bank's active role in supporting the energy transition and its potential relevance as an investor in the energy storage industry.


3. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative approach and commitment to sustainability. In recent years, Partners Group has made significant investments in the renewable energy sector, including the acquisition of a majority stake in Gurugram-based Sunsure Energy, which aims to enhance its capabilities in executing renewable projects and achieving a 3 GW operational capacity. Additionally, their involvement in Green Flexibility, which raised over $411 million, indicates a focus on energy solutions that may encompass energy storage technologies. These transactions highlight Partners Group's active role in the renewable energy landscape, aligning with the growing importance of energy storage in the transition to sustainable energy systems.


4. Siemens Financial Services


Siemens Financial Services, founded in 1997 and based in Munich, Bavaria, Germany, is a corporate investor that combines technological expertise with financial services to support growth and efficiency across various sectors, including energy. They have been actively investing in innovative solutions that enable digital transformation and sustainability. In the energy storage context, Siemens has led significant funding rounds for companies such as KORE Power, which is establishing a gigafactory to produce lithium-ion battery cells, and Skeleton Technologies, which focuses on ultracapacitors. These investments highlight Siemens' strategic interest in advancing energy storage technologies, as well as their commitment to supporting the transition to sustainable energy solutions.


5. Demeter-Partners


Demeter-Partners is a venture capital and private equity firm based in Berlin, Germany, founded in 2007. The firm specializes in investments that promote the energy and ecological transition, supporting innovative startups and small to mid-cap companies with funding and strategic guidance. Demeter-Partners manages a diverse portfolio aimed at fostering ecological solutions. Notable transactions include investments in companies like McPhy Energy, which focuses on hydrogen energy solutions, and Kemwatt SAS, which is involved in energy management. Their acquisition of VERGNET, a company that provides renewable energy solutions, further highlights their commitment to sustainable energy initiatives. Overall, Demeter-Partners is actively engaged in sectors that are crucial for the advancement of energy storage technologies.


6. Mercuria


Mercuria Energy Group Ltd. is a global energy trading company based in Geneva, Switzerland, founded in 2004. The firm operates in various commodity markets, focusing on crude oil, natural gas, and renewable energy. Mercuria provides trading services and invests in sustainable projects, supporting businesses in their transition to net zero. In 2022, Mercuria invested in Connected Energy, which is scaling up technology for the burgeoning storage market, highlighting their interest in energy storage solutions. In 2024, they were involved in a strategic investment in MN8 Energy, which focuses on solar, storage, and EV charging projects. Additionally, they led a €50M Series C funding round for The Mobility House, a company that specializes in smart charging for electric vehicles, further emphasizing their engagement in energy storage and related technologies. Mercuria's diverse portfolio and strategic investments position them as a significant player in the energy storage sector.


7. eCAPITAL ENTREPRENEURIAL PARTNERS


eCAPITAL ENTREPRENEURIAL PARTNERS is a venture capital firm based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 1999. The firm specializes in investing in technology companies, particularly in sectors such as cleantech, software, and cybersecurity. eCAPITAL provides early to growth stage funding and strategic support to startups, helping them navigate challenges and achieve growth. Notably, eCAPITAL has been involved in several funding rounds for sonnen, a leading company in the energy storage market. Their investments include participation in sonnen's Series A through Series E funding rounds, with significant amounts raised to support sonnen's international growth strategy and its vision for a clean, decentralized energy future. This involvement highlights eCAPITAL's engagement in the energy storage sector, alongside their broader investment focus.


8. Speedinvest

  • Website: speedinvest.com
  • Type: Venture Capital
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 2011
  • Headcount: 51-200
  • Number of deals in 2024: 45
  • LinkedIn: speedinvest

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help these startups scale their operations. Their investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Speedinvest has participated in transactions relevant to the energy sector, such as their investment in Tibo Energy, which raised €3M in seed funding to expand its sales and development teams for energy solutions. Additionally, they have invested in Skyfri, a company that raised significant funding in 2022, indicating their interest in innovative energy solutions. This involvement in energy-related startups highlights Speedinvest's potential relevance in the energy storage industry.


9. Vireo Ventures

  • Website: vireo.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: vireo-ventures

Vireo Ventures is a Berlin-based venture capital firm founded in 2020, specializing in early-stage technology startups within the energy and mobility sectors. They provide capital and mentorship to help these startups develop innovative solutions aimed at electrification and sustainability. Vireo Ventures has been actively investing in companies that contribute to a decarbonized world, with notable transactions including Scale Energy, which raised $2,086,374 in a Seed Round, and Amperecloud, which raised significant amounts in Series A rounds. These investments reflect their commitment to supporting technologies that are likely to play a role in energy storage and management, making them a relevant player in this space.


10. Mercedes-Benz AG

  • Website: mercedes-benz.com
  • Type: Corporate
  • Headquarters: Stuttgart, Baden-Württemberg, Germany
  • Founded year: 1883
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: mercedes-benz_ag

Mercedes-Benz AG, founded in 1883 and based in Stuttgart, Baden-Württemberg, Germany, is a leading automobile manufacturer known for producing luxury vehicles and vans. The company has a strong focus on quality and performance, catering to both individual consumers and businesses. In recent years, Mercedes-Benz has made significant investments in the energy storage sector, particularly in technologies that support electric vehicles. Notable transactions include a $170 million investment in Sila Nanotechnologies, aimed at bringing advanced battery technology to market, and a $480 million investment in Farasis Energy, which specializes in lithium-ion battery technology. These investments reflect Mercedes-Benz's commitment to integrating energy storage solutions into their vehicle offerings and advancing the electric vehicle market.


11. BASF Venture Capital

  • Website: basf.de
  • Type: Corporate
  • Headquarters: Ludwigshafen, Rhineland-Palatinate, Germany
  • Founded year: 2001
  • Headcount: 10001+
  • Number of deals in 2024: 3
  • LinkedIn: basf

BASF Venture Capital, based in Ludwigshafen, Rhineland-Palatinate, Germany, is a corporate investor founded in 2001. As a subsidiary of BASF, a leading chemical manufacturer, the firm focuses on innovation and sustainability across various industries, including automotive, construction, and agriculture. BASF Venture Capital has actively invested in the energy storage sector, with notable transactions including a $250 million investment in ESS, a company specializing in iron flow battery technology, and a $14.3 million investment in Group14 Technologies, which develops nanomaterials for silicon-carbon anodes to enhance battery performance. These investments reflect BASF's strategic interest in supporting advancements in energy storage technologies, contributing to their commitment to addressing environmental challenges.


12. Sictic

  • Website: sictic.ch
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2014
  • Headcount: 201-500
  • Number of deals in 2024: 77
  • LinkedIn: sictic

SICTIC is a not-for-profit organization based in Zurich, Switzerland, that connects smart money investors with innovative Swiss early-stage technology startups. Founded in 2014, SICTIC provides investment opportunities, networking events, and educational resources to facilitate the growth of startups and the investment community. In recent years, SICTIC has been involved in several transactions relevant to the energy sector, including a pre-seed investment in Voltiris, which focuses on solar module technology for greenhouses, and funding for Exnaton, a startup that enables energy providers to set up energy communities. These investments highlight SICTIC's engagement with companies that are contributing to advancements in energy management and storage solutions.


13. responsAbility Investments AG


ResponsAbility Investments AG is an impact investment firm based in Zurich, Switzerland, specializing in managing investments in emerging markets. Founded in 2003, the firm focuses on financial inclusion, climate finance, and sustainable food production, providing investment solutions to both professional and retail investors. Their operations aim to generate positive societal and environmental impacts alongside financial returns, particularly for small and medium-sized enterprises in developing countries. Notably, responsAbility has engaged in several transactions relevant to the energy sector, including a $15 million debt funding for Fourth Partner Energy, which is involved in renewable energy solutions. They also provided $8 million in debt financing to Zola Electric, a company focused on solar energy access. Additionally, their investment in SolarNow, which aims to deploy off-grid solar systems in Uganda, further highlights their commitment to energy solutions that often incorporate energy storage technologies. These transactions demonstrate responsAbility's active role in supporting the energy transition and enhancing energy access in underserved regions.


14. Aenu

  • Website: aenu.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2022
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: pirate-impact

Aenu is a venture capital firm based in Berlin, Germany, founded in 2022. The firm is dedicated to empowering climate tech founders by providing investment brokerage and advisory services, primarily targeting tech entrepreneurs who are addressing climate change and sustainability challenges in Europe. Aenu has been actively involved in the energy storage sector, particularly through its investments in Voltfang, a startup focused on energy storage solutions made from second-life EV batteries. Aenu participated in several funding rounds for Voltfang, including a €5 million seed round in May 2023 and a Series A round in October 2024, showcasing their commitment to supporting innovative energy storage technologies. Additionally, Aenu has invested in TESVOLT, further solidifying their presence in the energy storage industry.



Energy Storage Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
SiemensMunich, Bavaria, Germany10001+184711
Deutsche BankFrankfurt, Hesse, Germany10001+187032
Partners GroupBaar, Zug, Switzerland1001-5000199619
Siemens Financial ServicesMunich, Bavaria, Germany1001-5000199715
Demeter-PartnersBerlin, Berlin, Germany11-5020070
MercuriaGeneva, Geneva, Switzerland1001-500020047
eCAPITAL ENTREPRENEURIAL PARTNERSNeunkirchen, North Rhine-Westphalia, Germany11-5019992
SpeedinvestVienna, Vienna, Austria51-200201145
Vireo VenturesBerlin, Berlin, Germany11-5020208
Mercedes-Benz AGStuttgart, Baden-Württemberg, Germany10001+18831
BASF Venture CapitalLudwigshafen, Rhineland-Palatinate, Germany10001+20013
SicticZurich, Zurich, Switzerland201-500201477
responsAbility Investments AGZurich, Zurich, Switzerland201-50020039
AenuBerlin, Berlin, Germany11-5020229


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