ENERGY STORAGE

InfraVia Capital Partners acquires majority stake in developer GIGA Storage

May 17, 2024

Infrastructure investor InfraVia Capital Partners has acquired a majority shareholding in battery storage developer GIGA Storage, which has operations in the Netherlands and Belgium.

GIGA Storage has developed a “near term pipeline” of 2GW across Benelux, an InfraVia statement said.

Athanasios Zoulovits, partner at InfraVia ,said: “We are thrilled to welcome GIGA Storage into the InfraVia family. This partnership underscores our conviction that BESS is an enabler to the decarbonisation of the European power market. We are excited to partner with the founders and management team of GIGA Storage, a team with a proven track record and great execution skills, to help them roll out an ambitious growth plan.”

Ruud Nijs, CEO of GIGA Storage, added: “Our ambition is to have a multiple of gigawatts of installed energy storage power in Europe in the years to come. By combining our expertise with InfraVia’s extensive resources and industry knowledge, we are poised to make significant strides towards reaching this ambition and driving positive environmental impact.”

The terms and conditions of the transaction were not disclosed, and closing is “envisaged to occur in the coming months,” the statement said.

GIGA Storage was advised by Rabobank M&A (financial adviser) and Clifford Chance (legal adviser). InfraVia was advised by ABN Amro M&A (financial adviser) and A&O Shearman (legal adviser).