BattMan Energy ensures stable and green power

Large investments and extensive integration of renewable energy sources are essential for a fast, flexible and secure energy transition in Denmark and globally. With their three newest plants in Denmark, which have a total capacity of 40 MW // 90 MWh, BattMan Energy will be able to supply 7140 Danish households for one day. These plants will be some of Denmark's largest battery parks. They are designed to operate as a 2-hour plant, meaning that a fully charged battery can discharge in two hours at maximum power. The first plant is expected to be commissioned in H2 2024.

Daniel Kappelgaard, co-founder & CEO at BattMan Energy says: "By implementing battery storage systems like these, we can ensure a stable and green power supply for Danish homes while contributing to the rapid transition towards renewable energy. We look forward to the opening of two new facilities already in 2024 and are excited to execute on concrete results within our vision of supporting a strong grid and a greener Denmark. Our goal is to be a pioneer in sustainable energy solutions and make a real difference in the green transition, and with these three projects we are well on our way."

Alexander Kaae & Daniel Kappelgaard, co-founders of BattMan Energy

Investors invest millions in BattMan Energy's batteries

BattMan Energy started its journey with three co-founders in INCUBA StartupLab in 2023 and has been on an upward curve ever since. In its short lifespan, the young startup has attracted major investments and is now on the threshold of entering new markets. In a year and a half, over DKK 30 million has been invested in BattMan Energy, while the company has raised just under DKK 300 million in investments for its construction projects since 2023.

The idea for BattMan Energy originated in Vestas' product department in Aarhus, where Daniel Kappelgaard worked with batteries for storing renewable energy - and there he saw a gap in the market. By establishing battery parks, the grid can be supported in the event of fluctuations in power production. If there is a shortage of power, it can be stored in batteries. At the same time, an attractive profit can be made from the projects.

"You can see us as a form of emergency response. The batteries can help create a better balance - especially when or if there are sudden challenges on the grid. [...] As we move to more renewable energy, there can be fluctuations from hour to hour. For example, if there is a rapid cloud cover over Denmark," says Daniel Kappelgaard and adds:

"The average consumer has about 20 minutes without power per year. That's not much, but according to an analysis from Green Power Denmark, parts of Denmark could be without power for up to 53 hours by 2030."

BattMan Energy is involved in the entire process from the idea of sticking a pin in a map to the planning, financing and operation of the batteries. In simple terms, the business model is that investors can put money into a project, and once the costs are covered, the park is built and the parties share the profits. The cleantech company is finding that many people are interested in making a green investment with a return in mind. So far, the company has more than 30 applied projects underway in Denmark, Spain and Sweden.

Looking abroad - from Scandinavia to Spain and Australia

There are many projects in Denmark, but there are also eyes on foreign markets. Daniel Kappelgaard and the rest of the team are currently working to establish battery parks in Spain, Finland, Bulgaria, the Netherlands and Australia. Spain has a lot of sun, but an unstable electricity grid and few export connections abroad. Therefore, there is a need for internal stability, while in Australia, for example, batteries are needed for the country's large solar and wind farms. The opportunities are many and the potential is huge.

Scaling in INCUBA

BattMan Energy joined INCUBA StartupLab in 2023, starting in a two-person office. Since then, the company has experienced significant growth and has now scaled up to 15 employees and a similar shared office space. In other words, BattMan Energy has experienced rapid growth and development in the company's short lifespan. INCUBA has contributed to the journey by providing the framework and a supportive community:

"INCUBA has given us a larger network, skilled mentors and sparring partners. INCUBA is really good at having a wide range of companies, but also at segmenting it according to what makes sense for the individual company. We have been part of an environment with other cleantech companies where we have been able to spar with both them and the mentors, who also have sector experience, which means that we get good advice that we cannot get elsewhere," says Daniel Kappelgaard.

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