Royal Vopak has reached an agreement in principle with Green Energy Storage
(GES) for the acquisition of a majority stake in GES.
The transaction marks a strategic step to accelerate the
development of large-scale battery energy storage systems (BESS) in the
Netherlands, combining Vopak’s infrastructure expertise with GES’s leading
position in battery storage development.
GES is a Dutch BESS developer based in Breda and has built a strong position in
the Dutch energy market through the development of large-scale storage
projects.
The company manages the full project lifecycle, from site
identification and permitting, construction and operational management, and
plays an active role in addressing grid congestion and enabling flexibility in
the energy system.
As part of the proposed transaction, Vopak will acquire a majority equity stake
in GES and support the further development of GES’s project pipeline, including
the landmark utility-scale battery storage project in Oosterhout (200 MW / 800
MWh).
This project has been developed by GES and is designed to
play a key role in balancing the Dutch electricity grid and mitigating
congestion.
“Entering the energy transition infrastructure space through battery storage is
a logical next step for Vopak. GES brings deep expertise and a strong project
pipeline, and together with Vopak’s existing pipeline we are well positioned to
accelerate the development of large-scale storage solutions that support a
reliable and sustainable energy system,” said Maarten Smeets, Executive Vice
President Global Business Development at Vopak.
“This partnership enables us to significantly accelerate the realization of our
project pipeline,” said Guus Bengsch, CEO GES. “We have developed a strong
position in the Dutch battery storage market, and with Vopak’s infrastructure
and financial strength, we can scale faster and contribute more effectively to
solving grid congestion and supporting the energy transition.”
The transaction is subject to Final Investment Decision (FID) and customary
conditions and approvals. Vopak will disclose its investment amount upon
closing of the transaction and positive FID. -OGN/TradeArabia News Service