Tel Aviv, November 20, 2025 – Econergy Renewable Energy (TASE: ECNR) announced a major strategic expansion into the German market with the signing of an option agreement to acquire two grid-licensed battery storage projects totaling 435 MW in Bad Lauchstädt, Saxony-Anhalt. The projects are in final stages for obtaining final building permit (RTB stage).

This marks a significant step in strengthening the Company’s European storage platform and establishing a footprint in one of the most advanced and fast-growing storage markets in Europe.

Under the agreement, Econergy UK (~75% owned by Econergy Renewable Energy Ltd.) has secured the right to acquire 100% of a German company holding both storage facilities. The option may be exercised until April 1, 2026.

Both projects are at an advanced stage and are expected to begin construction by end of 2026.

The projects are located in a region undergoing a major transition from coal to clean energy. With initiatives like the Energiepark Bad Lauchstädt, the area is becoming a hub for renewable innovation and grid-flexibility solutions. Econergy’s new storage capacity supports this regional shift towards a modern, resilient energy system. This expansion into Germany builds on Econergy’s rapid progress in storage across Europe. Recently, the company also began construction of Senftenberg, its first 100 MW BESS project in Brandenburg, marking the operational launch of its German storage platform.

Together with the new option agreement, Econergy’s growing German portfolio is reaching a potential capacity of 535 MW of storage projects, demonstrating significant scaling momentum in Europe’s most competitive storage market and a clear shift towards high-quality hybrid and flexibility plants.

These projects further diversify Econergy’s asset mix, both geographically and technologically, while reinforcing the company’s position as a leading developer of utility-scale storage in Europe.

Joshua Murphy, Head of Energy Storage at Econergy:

“Germany is rapidly becoming one of the most sophisticated and opportunity-rich storage markets in Europe. Regulatory clarity, market liquidity, and growing flexibility requirements are accelerating investment in high-quality BESS facilities. Our entry here reflects Econergy’s commitment to building a long-term storage platform in markets where the conditions support scalability, innovation, and bankability.”

Eyal Podhorzer, Co-Founder and CEO of Econergy Renewable Energy:

“Following a thorough assessment of the German storage market and the strong demand expected in the coming years, we are further expanding our presence in Germany. These projects are already almost ready for construction and have secured grid connection rights, giving us high confidence in their implementation and completion.

We anticipate entering into long-term tolling agreements that will ensure stable cash flows with low exposure to market volatility. These large-scale projects, along with our first 100 MW site already under construction, significantly expand our footprint and diversify our renewable portfolio. Econergy continues to evaluate additional opportunities in Germany’s renewables market, which supports the nation’s goal to shift towards decarbonized, resilient energy systems. This also aligns with our goal to continue our strong momentum across Europe in 2026.”

Econergy

Econergy Group (TASE: ECNR) is a leading European IPP and active developer specializing in solar PV, Wind, and Energy Storage projects across key European markets, including Germany, the UK, Italy, Spain, Romania, Poland, and Greece. With a robust project pipeline exceeding ~14GW, Econergy is at the forefront of driving Europe’s renewable energy transition.

The company’s local teams provide a strategic advantage, ensuring close collaboration with regulatory entities and local communities. Econergy’s solid strategic partnerships are key to securing project funding and further. Additionally, the company generates revenue across the entire value chain by selling electricity, earning development and operation fees, and selling projects at various stages of development, ensuring a diversified and sustainable income stream.

https://www.econergytech.com/

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Corporate Contact:

Eliana Horenczyk
Marketing manager, ECONERGY RENEWABLE ENERGY
eliana@econergytech.com