What is Baltic Storage Platform?
Baltic Storage Platform, headquartered in Kuressaare, Estonia, is a joint venture formed by Evecon, Corsica Sole, and Mirova. The company is dedicated to the development and operation of large-scale battery energy storage systems. These facilities are crucial for providing emergency reserve power, thereby enhancing the stability and resilience of the Estonian electricity grid. By supporting Estonia's grid synchronization with continental Europe, Baltic Storage Platform plays a key role in bolstering energy security across the Baltic region. The collaboration leverages the distinct expertise of its partners in renewable energy development, solar and energy storage leadership, and sustainable investment management to construct vital energy infrastructure for the region's ongoing transition towards renewable power sources.
How much funding has Baltic Storage Platform raised?
Baltic Storage Platform has raised a total of $98.4M across 1 funding round:
Debt
$98.4M
Debt (2025): $98.4M with participation from Edmond de Rothschild, European Bank for Reconstruction and Development, and Nordic Investment Bank
Key Investors in Baltic Storage Platform
Edmond de Rothschild
Edmond de Rothschild is a French investment banking firm with a long history, likely providing significant financial expertise and capital for large-scale infrastructure projects.
European Bank for Reconstruction and Development
The European Bank for Reconstruction and Development (EBRD) is a multilateral development bank focused on fostering market economies, indicating a strategic interest in supporting critical infrastructure that enhances regional energy security and stability.
Nordic Investment Bank
Nordic Investment Bank, a financial institution focused on competitive financing for international projects, is likely contributing debt financing to support the capital-intensive development of Baltic Storage Platform's energy storage infrastructure.
What's next for Baltic Storage Platform?
The substantial enterprise-level funding indicates Baltic Storage Platform is poised for significant expansion and operational enhancement. This capital infusion is expected to accelerate the deployment of additional battery energy storage parks, further solidifying the company's contribution to grid stability and renewable energy integration in Estonia and the broader Baltic region. The strategic nature of the recent investment suggests a focus on long-term growth and market leadership in the critical energy infrastructure sector.
See full Baltic Storage Platform company page
