KanEL enters partnership with Siemens Financial Services for battery system financing
Stockholm, March 19, 2026 - The initial investment cost is often the biggest obstacle for companies looking to invest in energy storage. Now KanEL and Siemens Financial Services are initiating a collaboration to change that — with a financing solution that makes it possible to get started without a large upfront investment.
Through the collaboration with Siemens Financial Services, KanEL can now offer financing as a complement to traditional payment plans when purchasing battery systems — an arrangement that makes it possible to spread the cost over time and let the battery start generating revenue from day one.
— Many of our customers and partners see the initial investment as the biggest obstacle to moving forward with battery projects. With financing via Siemens Financial Services, we can now remove that barrier and make the step to a smarter energy system easier, says Roger Chaba, Sales Manager at KanEL.
The arrangement is aimed at companies that want to invest in energy storage without tying up capital, and is subject to a standard credit assessment via Siemens Financial Services.
— Energy storage is an important part of the transition, but many companies need a partner who can deliver the full picture — from technology and installation to operations and market access. KanEL has the expertise and the products and services required to deliver high-quality solutions. Together, we can make it easier for more companies to take the step, says Per Benton, Key Account Manager at Siemens.
About KanEL Sweden AB
KanEL is a Swedish player in energy storage offering a platform for smart energy management and connection to electricity markets. The company delivers complete solutions for commercial and industrial customers — from system design and installation to operations and optimization — and has operations in Sweden and Finland.
About Siemens Financial Services
Siemens Financial Services is the financial arm of the Siemens Group and offers tailored financing solutions for companies in industry, energy, and infrastructure. With operations in over 20 countries, Siemens Financial Services supports its customers in making investments in technology and sustainable solutions.
For more information
KanEL Sweden AB
Roger Chaba, Sales Manager
roger@kanel.se
Siemens Financial Services AB
Per Benton, Key Account Manager
per.benton@siemens.com