Elevion Group Featured in PV Magazine Energy Storage: Investing in BESS Across Europe
Elevion Group has been featured in PV Magazine Energy Storage in an interview focused on battery energy storage investments across Europe. The article, “Investing in BESS in Europe: From Market Hurdles to C&I Opportunities”, is based on a detailed discussion with Jaroslav Macek, CEO of Elevion Group, who shared insights into market conditions, investment priorities, and the evolving role of batteries in Europe’s energy transition. Elevion has several hundred million euros available for energy investments, with a significant share expected to be allocated to battery energy storage systems (BESS), depending on market readiness and grid-connection availability.
Elevion Group has been featured in PV Magazine Energy Storage in an interview focused on battery energy storage investments across Europe. The article, “Investing in BESS in Europe: From Market Hurdles to C&I Opportunities”, is based on a detailed discussion with Jaroslav Macek, CEO of Elevion Group, who shared insights into market conditions, investment priorities, and the evolving role of batteries in Europe’s energy transition. Elevion has several hundred million euros available for energy investments, with a significant share expected to be allocated to battery energy storage systems (BESS), depending on market readiness and grid-connection availability.
Portfolio and Development Pipeline
Elevion delivers end-to-end energy solutions across solar and storage projects, covering engineering, construction, operation, and investment. The group strengthened its position in utility-scale projects through the acquisition of Belectric and continues to expand geographically, including recent market entry into Spain.
To date, Elevion’s portfolio includes:
- Around 5,400 MWp of photovoltaic capacity built
- 950 MWh of utility-scale battery storage completed or under construction
- More than 50 commercial and industrial (C&I) battery installations totaling approximately 30 MWh
In addition, the current development pipeline exceeds 1,000 MW across the UK, the Netherlands, Italy, Spain, and Germany, combining both PV and BESS projects.
Market Conditions and Investment Focus
According to Jaroslav Macek, grid connection remains the biggest challenge for battery deployment in many European markets. Lengthy procedures, limited transparency, and capacity bottlenecks can significantly delay projects, even where technical capacity exists. Regulatory differences between countries further influence investment decisions. At the same time, falling battery costs and advanced intraday trading mechanisms, such as shorter trading intervals, have improved the economic case for storage. Germany currently stands out as the most attractive market for utility-scale batteries, particularly assets designed for intraday trading. Beyond front-of-the-meter projects, Elevion is also investing in behind-the-meter solutions for commercial and industrial clients. These systems help companies manage energy consumption, mitigate grid constraints, and generate additional revenue through grid services and trading.
The Role of C&I Batteries
Interest in C&I battery storage is increasing across Europe as industrial customers face grid congestion and volatile energy prices. Elevion focuses on larger C&I projects where battery capacity is shared between on-site use and market participation, with revenues distributed between the parties. Energy storage is becoming a critical enabler of renewable integration and grid stability. Through targeted investments in BESS and solar projects, Elevion is actively contributing to the development of a more flexible and resilient European energy system.
The full interview is available on PV Magazine Energy Storage
