Eclipse, a battery storage, development, and energy trading company, and BNP Paribas, one of the Eurozone’s largest banks, have announced a strategic partnership that includes an equity investment by BNP Paribas. This collaboration aims to accelerate the deployment of Battery Energy Storage Systems (BESS) and enhance Europe’s energy resilience.
Eclipse operates as an integrated BESS player, developing, owning, and operating industrial-scale energy assets. The company utilizes its proprietary algo trading software, Flowstream, to optimize battery energy storage assets in real-time for both its own and third-party assets. Currently, Eclipse manages a pipeline of 16 projects across France and Belgium, totaling 850 MW capacity.
The partnership offers asset owners tailored financing solutions for BESS projects, alongside hedging instruments designed to manage merchant risk and reduce the asset-level cost of capital. By combining BNP Paribas’ credit strength and structuring capabilities with Eclipse’s optimization and continuous trading expertise, the collaboration will facilitate joint offerings of long-term offtake solutions to support the financing and scaling of battery storage projects. This builds on BNP Paribas’ over 20 years of experience actively trading electricity in European physical and financial power markets.
Augustin Derville, Co-founder and CEO of Eclipse, stated, “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.”
Olivier Osty, Deputy COO of BNP Paribas Group and CEO of BNP Paribas CIB, commented, “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.”
As the global energy landscape evolves, electricity demand continues to rise, driven by the electrification of transport, buildings, and industrial processes, alongside population growth. Renewable energy is projected to meet nearly all new demand, with electricity potentially representing half of global energy consumption by mid-century. This transformation necessitates agile and innovative market structures to support decentralization, system stability, and sustainability. European power markets present significant investment opportunities in renewable generation, energy storage, and related infrastructure.
This partnership between Eclipse and BNP Paribas is positioned to play a crucial role in financing this next generation of energy assets, thereby supporting the energy transition while enhancing energy security and market stability for producers and consumers across Europe.
