{
  "id": 18137383,
  "title": "Return secures €835 million financing to expand battery storage capacity in Germany",
  "url": "https://urgent.news/2026/11/04/return-secures-835-million-financing-to-expand-battery-storage",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T15:22:31.000Z",
  "source": {
    "name": "EU-Startups",
    "slug": "eu-startups",
    "url": "https://www.eu-startups.com/2026/11/return-secures-e835-million-financing-to-expand-battery-storage-capacity-in-germany/"
  },
  "original_language": "en",
  "account": "Amsterdam-based energy storage startup Return has secured €835 million in financing to expand its battery storage capacity in Germany. Deutsche Bank and Rabobank underwrote the portfolio financing to support the company's expansion plans. Return aims to install at least 1 GW of battery storage capacity annually in Germany from 2027, building on its €300 million growth-equity investment in 2025. CFO Daniel Witvoet explains that the financing will allow Return to scale not just its battery storage capacity but also the financing model, enabling more efficient expansion and responsiveness to customers' evolving needs. This financing comes amidst a series of European investments in battery storage and grid flexibility, including €43 million for Entrix in Germany and €37.3 million for Ore Energy in the Netherlands. EU-Startups reports the announced investments across Europe total approximately €158.2 million. Deutsche Bank Head of Infrastructure & Energy Origination Dominik Thumfart notes that battery storage plays a crucial role in Germany's energy transition, assisting with optimizing revenue potential and ensuring grid stability. The German financing will enable Return to invest between €750 million and €1.2 billion annually in German battery storage projects, supporting the increasing demand for energy flexibility as the country integrates more renewable energy sources.",
  "summary": "Amsterdam-based Return, an energy storage startup specialising in large-scale battery systems and energy flexibility services, has secured €835 million in portfolio financing underwritten by Deutsche Bank and Rabobank. The financing will support the company’s expansion in Germany, where it aims to install at least 1 GW of battery storage capacity annually from 2027 onwards. This […] The post…",
  "key_points": [
    "Return secures €835 million financing for German battery storage expansion",
    "Deutsche Bank and Rabobank underwrite the €835 million financing portfolio",
    "Return plans to install 1 GW of battery storage annually in Germany from 2027"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}