TotalEnergies may sell 50% of its energy storage portfolio in Germany

French energy company TotalEnergies is exploring the possibility of selling half of its energy storage assets in Germany, according to a report by Bloomberg, which is based on information from reliable sources.

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TotalEnergies may sell 50% of its energy storage portfolio in Germany © The Strategist

These assets are part of Kyon Energy, a German company that TotalEnergies acquired in 2024. The report suggests that these assets might draw attention from infrastructure-focused investment funds.

However, TotalEnergies has not finalized its decision on this potential sale and may still choose to keep the assets, as noted by the sources.

In September, the company announced it had started the process of selling some of its energy storage assets, highlighting that there is significant interest in them.

source: bloomberg.com

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