Berlin-based startup Terra One, founded in 2022 by Tony Schumacher and Thomas Antonioli, has secured €150 million in funding from Aviva Investors to develop large-scale battery storage facilities across Europe, supporting the continent's transition to 100% green energy.

This funding enables Terra One to deploy up to €750 million into new grid-scale battery projects, capable of powering approximately 20% of Germany’s households for an hour, thereby enhancing energy resilience.

The company aims to reduce costs and prevent renewable energy loss through innovative energy storage solutions, aligning with Europe's climate goals.

Terra One leverages an AI foundation model optimized for energy market trading, allowing batteries to automatically charge and discharge based on demand, production, and market conditions, which helps relieve grid congestion.

Their algorithmic trading platform forecasts energy prices across European markets, enabling autonomous operation of batteries to maximize profitability and positioning Terra One ahead of competitors like Field and Ingrid Capacity.

Tony Schumacher emphasizes that this milestone allows Terra One to expand rapidly, contributing to Europe's energy security and resilience, with the flexible hybrid financing structure supporting its growth as a leading independent storage developer.

The mezzanine financing, a flexible funding mix between debt and equity, allows Terra One to scale large infrastructure projects without significant dilution of founders' equity, combining bank loans, equity, and mezzanine funds for efficient capital deployment.

This recent investment highlights the growing importance of storage in the energy transition, with major investors recognizing battery infrastructure as a resilient, long-term asset crucial for decarbonization and energy independence.

Adam Irwin of Aviva Investors underscores that energy storage is central to a carbon-neutral future, and their investment reflects confidence in Terra One’s ability to deliver projects efficiently and reliably, advancing Europe's energy system transformation.