Paris-based InfraVia Capital Partners has acquired a majority stake in Amstelveen-based GIGA Storage, a developer of energy storage projects specializing in Battery Energy Storage Systems (BESS) for the Netherlands and Belgium. Although the terms of the deal remain undisclosed, the transaction is expected to close in the coming months.
GIGA Storage, founded in 2018 by Ruud Nijs, aims to replace fossil-fueled power plants with large-scale battery storage systems strategically placed to optimize sustainable energy storage and supply. The company has already commissioned two projects and developed a pipeline of 12,500 MWh. By integrating batteries in key locations, GIGA Storage seeks to prevent grid congestion and ensure stability, ultimately connecting more renewable energy projects to the grid.
Advertisement
Leveraging InfraVia’s Expertise
With InfraVia Capital Partners becoming the majority shareholder, the founder-led management team at GIGA Storage will retain a significant stake and continue to lead the company. Together, they plan to leverage GIGA Storage’s expertise in developing and operating utility-scale storage projects to create a prominent energy storage platform in Northern Europe.
Recent Developments
GIGA Storage recently launched the GIGA Giraffe project in Amsterdam’s port area, a 47 MWh battery designed to store energy peaks during sunny periods and balance the grid with sustainable energy. Scheduled to be operational by the first quarter of 2025, this project highlights GIGA Storage’s commitment to advancing energy storage solutions.
Commitment to Sustainable Energy
InfraVia Capital Partners, known for its investments in infrastructure, real assets, and technology, has raised €12 billion since 2008 and invested in over 50 companies across Europe. Athanasios Zoulovits, Partner at InfraVia Capital Partners, expressed enthusiasm for the partnership, emphasizing the role of BESS in decarbonizing the European power market. He stated, “We are excited to partner with GIGA Storage’s founders and management team, who have a proven track record and excellent execution skills, to help them roll out an ambitious growth plan.”
With this strategic investment, GIGA Storage is poised to significantly enhance its impact on the energy transition, supporting the shift towards sustainable energy solutions and reducing reliance on fossil fuels.
