Norton Rose Fulbright advises Terra One on the financing of its battery storage project in Oersdorf

Global law firm Norton Rose Fulbright has advised Terra One on the financing and contractual structuring of its current battery storage project in Oersdorf, Lower Saxony.

Terra One is a technology company that develops AI models to automatically control battery storage systems and stabilize the European power grid. The aim is to reduce electricity costs for end consumers and companies and to make renewable energies permanently available.

The new project will deliver 15 MW / 30 MWh of usable storage capacity and is expected to go into operation with an AI-controlled optimization platform at the end of 2025.

Energy Partner Veit Sahlfeld comments: “This project is another significant milestone in the further development of energy storage solutions and supporting the energy transition.”

The Norton Rose Fulbright team was led by Partner Veit Sahlfeld (Banking, Hamburg). He was supported by partners Dr. Klaus Bader (Energy, Munich), Valerian von Richthofen (Energy, Düsseldorf), counsel Dr. Michael Volks (Banking, Hamburg) and associates Sebastian Eisenhut (Energy, Munich), Jan Vogelsang (Energy, Düsseldorf) and Benedict Schiller (Banking, Munich).