GLOBAL ENERGY STORAGE (GES)
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PROFILE
Global Energy Storage (GES) is building a global network of first-class energy storage assets with plans to invest $250 million into brown and greenfield sites, initially across Europe and Asia. Backed by Bluewater, the specialist international private equity firm, GES has unveiled its first significant investment at the Port of Rotterdam, with the aim to make it one of the largest low-carbon storage developments at a world-class industrial hub. Profile by Andy Probert.
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energy transition continues to play an ever-increasing role, not only in changing the face of the oil and gas industry but in the wider world, the need to develop cutting-edge storage units is being fully and quickly grasped by Global Energy Storage (GES). GES was only established in mid-2021, but it comes with two massive gamechangers – its exceptionally experienced management team and the $250 million backing of Bluewater, the specialist international private equity firm focused on the middle-market energy sector. A statement of intent if ever there was one. 68
Inside Industry
Its goal is to build out a global network of first-class energy storage assets on brown and greenfield sites, initially across Europe and Asia over the next five years, while also exploring opportunities in the Americas and Africa.
Energy transition focus GES has a focus on energy transition fuels and fuels of the future. Its strategy concentrates on critical global hubs, international cross-linked business, and long-term relationships with top-tier energy suppliers. “There is an urgent need for storage assets for the next generation of low
carbon fuels,” commented Peter Vucins, GES CEO. “GES has the expertise and financial backing to develop this crucial infrastructure at key locations around the world.” Focusing on low carbon commodities, energy transition fuels, and potentially renewable energy sources in the future, GES has a robust global pipeline of pending deals. Its first major investment is at Europoort in the Port of Rotterdam. In November 2021, GES announced that it had agreed to buy part of the assets of the Stargate Terminal from Gunvor Group
