Strategic access to the German balancing energy market
BKW takes over Südvolt GmbH. The Munich-based company is an expert in energy marketing and trades in flexibilities to keep the grid stable. It has direct access to all four German transmission grid operators.
BKW is emphasising its growth ambitions in Germany by acquiring Munich-based Südvolt GmbH and its 20 employees, according to a press release. The Bern-based energy and infrastructure group is thus entering the German market for balancing energy and system services. Südvolt is a flexibility provider with access to all four German transmission system operators and thus to the balancing energy market.
The company flexibly interconnects energy generation plants and industrial consumers in its virtual power plant in order to keep the grid stable. Its customer portfolio includes major and industrial customers from energy-intensive sectors as well as municipal utilities.
As BKW emphasises in the press release, this acquisition is part of its Solutions 2030 strategy, which aims to expand its sustainable energy solutions by investing in energy storage and energy production.
With this acquisition, “we are securing strategic access to one of the most important energy and flexibility markets in Europe”, said Stefan Sewckow, member of the Group Executive Board and CCO Energy Markets at BKW. “We are strengthening our position in the marketing of flexibility and expanding our international portfolio.” BKW already covers the entire value chain for the energy transition in Germany, from energy production and power line construction to building planning and project management, and is reportedly planning further growth in these areas.