Anchor Energy Partners Targets €75M for European Battery Storage

Copenhagen-based investment platform Anchor Energy Partners has launched its first fund, Anchor Fund I, targeting €75 million to finance battery storage and electricity flexibility infrastructure across Europe. Announced on 9 November 2026, the fund has completed its initial close, backed by 2degrees, a founding investor and co-owner of Anchor, alongside other investors. The fund will focus on acquiring and operating construction-ready battery storage projects as renewable energy expansion and rising electricity demand increase pressure on European power grids.

The fund targets mid-market energy storage projects that have completed key development stages but struggle to secure investment. Anchor plans to acquire and operate these assets using active, data-driven asset management to improve their commercial performance. The company is already working with developers, technology providers and operating partners across selected European markets. Its investment strategy could eventually expand into battery storage paired with renewable energy projects, as well as commercial and industrial electricity flexibility solutions.

 

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The investment comes as Europe's electricity markets experience increasing fluctuations in renewable generation and demand. According to Anchor, European power markets collectively recorded more than 7,800 hours of negative wholesale electricity prices in 2025. The company estimates that Europe currently has less than 80 GWh of installed battery storage capacity, compared with approximately 1,200 GWh potentially required by 2050. Battery systems can help address these imbalances by storing electricity during periods of excess generation and supplying it when demand increases.

Fabian Siegel, CEO and Co-founder of Anchor Energy Partners, said, "Our team has already built and operates batteries in Germany and Finland, and brings significant experience in energy investing and asset management." The founding team, which includes professionals previously associated with Ørsted, Danske Commodities, AIP and Icecreek Energy, has collectively managed more than €30 billion in funds and currently operates over 120 MWh of battery storage assets across Europe.

Danish investment company 2degrees, founded by Mikkel Bülow-Lehnsby, Co-founder of Urban Partners, supported the initial fundraising close. The firm is led by Managing Director Søren Wiberg Holm and invests in businesses addressing infrastructure and technology challenges. Anchor Fund I is available to professional investors and will focus on expanding its portfolio of European energy storage projects. The company has not disclosed the amount raised during the initial close or announced specific acquisitions under the new fund.

 

Source: Anchor Energy Partners