Tech

Vopak reaches agreement with Green Energy Storage (GES) for majority stake in GES to accelerate large-scale battery storage in the Netherlands

A Dutch energy infrastructure giant is poised to turbocharge the country's battery storage ambitions, as a leading developer of large-scale battery energy storage systems (BESS) is set to be majority-owned by a major port operator. The deal combines the developer's expertise in BESS with the operator's extensive infrastructure network, paving the way for accelerated deployment of grid-scale battery storage in the Netherlands.

Noah V (AI-assisted) May 7, 2026 1 min read EN

Based on reporting from Source.

Overview

Royal Vopak has reached an agreement in principle with Green Energy Storage (GES) for the acquisition of a majority stake in GES. This transaction aims to accelerate the development of large-scale battery energy storage systems (BESS) in the Netherlands.

What it does

The combination of Vopak's infrastructure expertise and GES's leading position in battery storage development is expected to pave the way for accelerated deployment of grid-scale battery storage in the Netherlands. GES 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.

Tradeoffs

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. The transaction is subject to Final Investment Decision (FID) and customary conditions and approvals.

The partnership between Vopak and GES is expected to significantly accelerate the realization of GES's project pipeline. With Vopak's infrastructure and financial strength, GES can scale faster and contribute more effectively to solving grid congestion and supporting the energy transition.

In practical terms, this acquisition can lead to increased efficiency and reliability in the Dutch energy market. The development of large-scale battery energy storage systems can help mitigate grid congestion and enable flexibility in the energy system, ultimately supporting a reliable and sustainable energy system.

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