Luxcara is looking to secure a co-investor to support in the realisation of the 520 MW / 1.04 GWh battery energy storage system (BESS) project in Waltrop, North Rhine-Westphalia, Germany, it is believed.

The group has mandated JLL (financial) to support its plans to divest a circa 49% stake in the project, according to market sources, with the process mooted to be in the very earliest stages.

Hamburg-based Luxcara announced the acquisition of the Waltrop scheme in June 2025. It is part of a broader 900 MW / 1.8 GWh complex, with BKW and Trianel working on the other tranches of the complex.

The project will be built on a former industrial site initially designated for a coal-fired power plant. It has secured grid capacity and will operate under a tolling agreement. Construction is scheduled to begin later in 2026.

The site is located near Dortmund, within a high-demand industrial region and a key node in the European power system. It connects directly to the 380 kV transmission grid.

Luxcara’s mooted search for a 49% co-investor comes shortly after TotalEnergies confirmed at the start of March that it had agreed the sale of a 49% stake in a 900 MW German BESS portfolio developed by subsidiary Kyon Energy to Allianz Capital Partners.

Sosteneo Infrastructure Partners is believed to have been the underbidder on the Kyon process, and is therefore seen as a potential suitor for the Waltrop stake.

Further parties connected to different stages of the Kyon process included IFM Investors and MEAG, among others.

Luxcara declined to comment.