Royal Vopak has completed its acquisition of a majority stake in Green Energy Storage (GES) and approved a final investment decision (FID) for a 200 MW / 800 MWh battery energy storage system (BESS) in Oosterhout.
Thus, marking a major step in its expansion into energy transition infrastructure in the Netherlands.
The combined investment in the GES acquisition and the Oosterhout project totals approximately EUR 230 million.
With the acquisition, Vopak secures a proven battery storage development platform, an active project pipeline and an asset management platform, strengthening its position in the fast-growing energy storage market.
The investment aligns with the company's strategy of building energy transition infrastructure while maintaining disciplined capital allocation and targeting a mix of stable contracted revenues and market upside.
The Oosterhout facility, with a capacity of 200 MW / 800 MWh and four hours of storage, is among the largest battery energy storage projects currently under development in the Netherlands.
Connected to the country's high-voltage grid, the project is designed to improve grid stability, increase system flexibility and ease congestion as renewable power generation and electricity demand continue to rise.
Greenchoice has signed an eight-year tolling agreement to offtake 50% of the project's capacity. Construction is set to begin shortly, with commercial operations expected to commence in the first half of 2028.
“Completing this acquisition and taking the investment decision on the Oosterhout project moves us from intention to delivery. Together with the GES team, we are building one of the leading battery storage platforms in the Netherlands and supporting a reliable and sustainable energy system.” said Maarten Smeets, Executive Vice President Global Business Development at Vopak.
"Today's milestone reflects years of work by the GES team in developing a high-quality battery storage platform. With Vopak, we can now realize the 200 MW / 800 MWh while accelerating the development of the rest of our pipeline. Together, we are creating the flexibility needed for a secure, reliable and resilient Dutch electricity system.” said Guus Bengsch, CEO GES.
"Battery energy storage is becoming an essential building block of tomorrow’s energy system. We are proud to continue our collaboration with GES and Vopak. This project marks an important milestone and enables us to contribute to greater flexibility in the Dutch electricity system while helping reduce grid congestion." said Erik van Engelen, CEO of Greenchoice.
