MW Storage NOB GmbH, backed by the infrastructure investors MW Storage Fund and Reichmuth Infrastructure (on behalf of its funds and mandates), have successfully achieved financial close with Coöperatieve Rabobank U.A. (Rabobank) on a non-recourse project finance facility for the Wunsiedel Battery Energy Storage System (BESS), a large-scale battery storage asset located in Bavaria.

The transaction reflects the shareholders’ conviction in the long-term value of flexible storage assets as a key enabler of Germany’s energy transition. The project is expected to benefit from a diversified revenue stack, supporting both system flexibility and the continued growth of renewable energy penetration. By demonstrating that a battery storage project can attract substantial non-recourse debt financing, the transaction represents a significant milestone for the sector. It establishes an important precedent, helping to deepen lender confidence and accelerate investment storage assets in Germany and across Europe.