EON Teams Up With University to Build 5-Megawatt Battery System

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EON SE, Germany’s largest utility, and RWTH Aachen University have begun building a 5-megawatt power storage battery in Germany.

The Modular Multimegawatt, Multitechnology Medium-Voltage Battery Storage System, or “M5BAT,” should be completed by the middle of next year, Dusseldorf-based EON said in a statementBloomberg Terminal Wednesday.