The agreement was exchanged by Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and Chairman of Masdar, and Dr Markus Krebber, CEO of RWE, during the Chancellor’s state visit to the UAE.

Under the MoU, the companies will work together to identify and pursue investments in battery energy storage systems (BESS) projects in Germany. Masdar will explore investing by 2030 in existing BESS projects in the country owned by RWE, with a capacity of up to 1 GW. In addition, RWE and Masdar will assess the joint development of new BESS projects of up to 1 GW by 2035. The development of battery storage systems will support the expansion of renewable energy by balancing intermittent supply, thereby ensuring a stable, affordable, and secure power supply in Germany. This will also help to meet the growing demand for reliable power from new data centres.

Krebber said: “The MoU with Masdar reflects the importance RWE and Masdar place on flexible energy storage as a foundation for grid stability, security of supply, and the integration of renewable energy – core pillars of Germany’s climate neutrality and energy policy objectives. Our collaboration is underpinned by a strong track record, most recently demonstrated by our joint success in the latest UK offshore wind auction for the Dogger Bank South projects. Together, we are making significant progress towards a secure and sustainable energy future for Europe.”

Mohamed Jameel Al Ramahi, CEO of Masdar, added: “Battery storage is critical to unlocking renewable energy deployment and delivering clean, reliable, affordable electricity for the benefit of consumers, businesses and communities. Germany is an important market for Masdar as we progress toward our target of 100 GW of capacity worldwide by 2030 and we look forward to building on our already powerful partnership with RWE to support energy transformation in Germany and across Europe.”

For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.

Energy Global’s Winter 2025 issue

Don’t miss out on our final issue of Energy Global this year! The Winter issue begins with a regional report on Africa’s energy future, with articles on topics such as wind turbine components, geothermal drilling & operations and energy storage technology. With contributors including Magnomatics, Flyability, Bachmann electronic GmbH, NOV, and more, don’t miss out!

Read the article online at: https://www.energyglobal.com/energy-storage/09022026/rwe-signs-mou-with-masdar/