Vopak completes acquisition of majority stake in GES and takes FID on BESS project in the Netherlands
Type: Acquisition · Technology: Storage · Country: Netherlands · Announced: 2026-07-03
Vopak completed the acquisition of a majority stake in GES, as announced on 2026-07-03. The transaction also includes Vopak taking the final investment decision for a battery energy storage system (BESS) project in the Netherlands. The acquisition gives Vopak control over GES's storage assets and positions it in the Dutch renewable energy market. The BESS project is expected to support grid stability and integrate with existing Dutch power infrastructure. The transaction marks Vopak's entry into the energy storage sector, expanding its portfolio beyond traditional logistics. No financial terms or capacity figures were disclosed in the announcement.