Global Energy Storage finalises Stargate Terminal deal

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Port of Rotterdam | Global Energy Storage (GES)

Global Energy Storage (GES) has closed its transaction to acquire part of the Stargate Terminal from Guvnor Group in Europoort, Port of Rotterdam.

The independent energy storage company signed a binding agreement for the purchase in November 2021 and agreed to develop more than 20 hectares at the heart of the port.

As a result, the firm now owns four Class 1 product tanks totalling over 212,000 cubic metres with long-term off-take from Guvnor.

GES’s plans include the development of a new multi-purpose jetty, as well as developing infrastructure for:

  • Consolidation of biofuel storage
  • Storage for renewable fuels
  • Gas storage
  • Gas to chemicals production
  • Green and blue hydrogen
  • Hydrogen carriers such as ammonia
© Global Energy Storage (GES) | Port of Rotterdam

“This is an important milestone for GES,” said Peter Vucins, CEO of GES.

“The location of this first investment in the heart of the Port of Rotterdam positions us perfectly to significantly contribute to our client’s needs to develop the new storage and logistics infrastructure to facilitate the Energy Transition which is upon us and accelerating.

“Our partnership with Gunvor Group and the Port of Rotterdam is vital to our strategy to realise these expansions, as are other strategic partnerships we currently are in discussions with. We hope to revert with some further positive news relatively soon.”

In other recent news, the Port of Rotterdam Authority and BigMile are developing a digital platform to identify transport-related emissions in the port.

Data, including from AIS, is combined with a TNO calculation model, enabling a precise calculation of transport sector emissions.

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