EURAZEO INVESTS IN TERRALAYR, GERMANY’S INNOVATIVE INTEGRATED ENERGY FLEXIBILITY PROVIDER

Eurazeo – through its Eurazeo Transition Infrastructure Fund (ETIF) – has led a €192 million equity financing round (including an €80 million upsizing option) alongside RIVE Private Investment and other existing shareholders. The investment will enable terralayr to further grow its grid-scale battery storage portfolio in Germany, while scaling the company’s LAYR flexibility-as-a-service platform, addressing one of the fastest-growing segments of the European power market.

terralayr develops, owns and operates grid-scale battery energy storage systems, with the support of its LAYR platform, which virtualizes battery assets, and provides a route-to-market solution for both its own, and third-party assets.

This investment comes at an important time in the evolution of Germany’s power system, as accelerating renewable deployment, electrification, rising demand from data centres and industry, and a growing desire for energy independence all drive an increasing need for grid flexibility and stability. Battery storage is fast becoming a critical pillar in this evolution of the power sector, with the addressable market for grid-scale storage and flexibility expected to expand significantly over the coming years.

The objective of this investment is to support terralayr in its next phase of growth, by accelerating the asset build-out as well as the company’s digital market platform LAYR, thereby facilitating the continuity and sustainability of Germany’s power supply.

This marks the 9th and final investment of ETIF, with the portfolio including: Radiance (pan-European solar IPP with a C&I background), Resource (plastic waste sorting plant facility in Denmark), Electra (charging point operator in Europe), Etix (data center platform mainly in France), TSE (French solar IPP focusing on agri-PV), Sivae (French waste collection business), MOO (offshore service vessels) and Water Direct (UK leading alternative water supply solutions provider).

Melissa Cohen, Co-Head Infrastructure at Eurazeo, said: 

“terralayr develops and manages infrastructure that addresses a fundamental need for flexibility and stability in the power grid. We believe terralayr is well- positioned to contribute to Germany’s energy transition by developing a solid asset base, underpinned by its virtual marketplace. We are very pleased to support terralayr’s co-founders Philipp Man and Ludwig Wurlitzer, and the entire terralayr team in this phase of the company’s growth.”

Philipp Man, Co-Founder and CEO of terralayr, commented: 

“We are very happy to welcome Eurazeo to our shareholder base. Their backing is essential in allowing us to accelerate the build-out of much needed flexibility infrastructure in Germany. This capital raise will enable us to increase the pace  of our asset growth in Germany, which is critical for the scaling of our digital platform. This will make us an even stronger partner to utilities, asset owners, flexibility traders, and other users of flexible power assets.”