Vopak to acquire majority stake in Green Energy Storage to accelerate Dutch battery storage
- Vopak to acquire a majority stake in Green Energy Storage (GES), subject to Final Investment Decision (FID) and customary approvals.
- Deal supports GES's Oosterhout utility‑scale battery: 200 MW / 800 MWh.
- Vopak will support and scale GES's project pipeline and align it with Vopak's existing pipeline.
- Investment amount not disclosed; Vopak will announce it upon closing and positive FID.
Transaction overview
Royal Vopak has agreed in principle to acquire a majority equity stake in Green Energy Storage (GES) to accelerate deployment of large‑scale battery energy storage systems in the Netherlands, combining Vopak’s infrastructure capabilities with GES’s development role.
GES capabilities
GES is a Dutch BESS developer that manages the full project lifecycle—site identification, permitting, construction and operational management—and focuses on grid balancing and congestion mitigation through its project pipeline.
Oosterhout project
The deal supports GES’s utility‑scale Oosterhout project, specified at 200 MW / 800 MWh, intended to provide system flexibility and help relieve local grid congestion.
Conditions and disclosure
The transaction remains subject to a Final Investment Decision and customary approvals; Vopak will disclose the investment amount upon closing and a positive FID.
Source: Vopak