BNP Paribas and energy storage company Eclipse announced a new partnership aimed at accelerating the deployment of Battery Energy Storage Systems (BESS) and strengthening Europe’s energy resilience, including a strategic equity investment in Eclipse by BNP Paribas.
Large-scale BESS systems are designed to store excess renewable power and release it during periods of peak demand, helping to improve grid reliability and reduce reliance on fossil-fuel generation.
Founded in 2022, UK-based Eclipse Power builds and operates utility-scale battery storage projects which provide electric grid stabilization, support renewable energy integration, and enhance power system flexibility.
Augustin Derville, Co-founder & CEO, Eclipse, said:
“Eclipse has developed unmatched expertise across the Battery Energy Storage System value chain, combining project development with grid-scale optimization capabilities. This dual business model gives us a unique understanding of market dynamics. The partnership with BNP Paribas will enable us to deliver long-term revenue solutions to our clients, and robust asset financing to support the growth of battery storage across Europe.”
Under the new partnership, the companies will provide asset owners with tailored financing solutions for BESS projects, alongside hedging instruments to manage merchant risk and reduce asset-level cost of capital. The companies said that the collaboration will enable them to jointly offer long-term offtake solutions, supporting the scaling and financing of battery storage projects, by bringing together BNP Paribas’credit and structuring capabilities, and Eclipse’s optimization and continuous trading expertise.
Olivier Osty, Deputy COO, BNP Paribas Group and CEO, BNP Paribas CIB, said:
“This innovative partnership between BNP Paribas and Eclipse reflects our shared commitment to building a more resilient energy infrastructure for Europe. By combining Eclipse’s expertise in industrial-scale battery storage with BNP Paribas’ financial and structuring capabilities, we are developing solutions that enhance market flexibility, efficiency, and sustainability, helping utilities, IPPs, and corporates navigate the transition while contributing to the EU’s broader objectives of energy resilience and strategic autonomy.”
