Giga Storage set to develop the largest energy storage project of Europe in Belgium

Amsterdam, January 12, 2024 – GIGA Storage is pleased to announce the development of the Green Turtle project, a groundbreaking energy storage project with 600 MW of power and 2,400 MWh of capacity. The project will be located in Dilsen-Stokkem, Belgium and is strategically positioned adjacent to a new 380kV Elia high-voltage station and will play a key role in Belgium and Europe's energy transition. The project aims to make a significant contribution to the energy grid by providing stored renewable energy during periods of low solar and wind energy production, this will reduce the reliance on coal and gas power plants. The new battery park will have a storage capacity of XNUMX MWh, equivalent to the daily average energy consumption of XNUMX households. This will contribute to the energy transition to improve the reliability of the energy network and provide more affordable energy for everyone. The chosen location is situated along the high-voltage line from Van Eyck to Gramme and is also connected to the Dutch grid. The new battery park will have a storage capacity of 2.400 MWh. This means that the average energy consumption of 330.000 families can be stored here each day and fed back into the electricity grid. In this way we contribute to the energy transition, the further development of a reliable energy network and affordable energy for everyone. The chosen location is located on the high-voltage line from Van Eyck to Gramme and is connected to the Dutch grid. Ruud Nijs, CEO of GIGA Storage: "With these utility-scale energy storage projects, we contribute to energy security, both during and after the transition from fossil to renewable energy. By developing utility-scale energy storage at strategic locations, energy prices will become more stable, and we will become less dependent on the import of (fossil) energy. While this project will be the largest battery in Europe, much more storage capacity will be needed in the coming years. GIGA Storage aims to continue playing a significant role with its ambition of 5 GW installed capacity by 2030. Projects like the large battery in Delfzijl, The Netherlands, are already under development, and GIGA expects to announce several more projects in various European countries in the coming years." Joeri Siborgs, General Manager GIGA Storage Belgium: "This project is being developed on an industrial site where there was a previous initiative to develop a battery. The permit application has been submitted, and we expect to commence construction in 2024. GIGA Storage aims to achieve the realization of 3 GW of battery storage in Belgium by 2030." About GIGA Storage Belgium GIGA Storage Belgium is an energy company that develops and deploys large-scale energy storage projects within the Belgian energy network. We believe that large-scale energy storage from renewable sources provides a solution to phasing out fossil fuels without compromising energy supply. Our ambition is to help facilitate the nuclear phase-out by achieving 2025 GW of battery storage in Belgium before 2030. About GIGA Storage GIGA Storage specializes in large-scale energy storage, investing in projects for optimizing energy supply and ensuring grid stability. Our goal is to become a key player in energy storage in Europe, maximizing the utilization of sustainably generated energy. Energy storage is the missing link in the transition to a world powered solely by renewable and clean energy.

15 January 2024

Protix joins forces with Tyson Foods securing new funding for the next step in its growth phase

Tyson Foods invests in Rabo Investments portfolio company Protix in new capital round to significantly scale its production capacity and expand globally. Oct. 17, 2023 – We are proud to announce that our portfolio company Protix, a leading Dutch company in insect-based ingredients, has entered into a strategic partnership with Tyson Foods, one of the world's leading food companies. An important milestone for Protix and the insect industry! With this capital round we welcome Tyson Foods, a listed multinational, protein-focused food processing company based in the US and customer of Rabobank, as new investor to the group of existing shareholders. We are excited about this partnership, which also includes the formation of a joint venture to build an insect ingredients plant in the United States. In addition, Tyson Foods is investing in Protix to help accelerate their global expansion plans. This major capital injection underlines the progress and continued long term potential of Protix and will be used to further strengthen and optimise the organisation, make the necessary steps to advance commercial traction and accelerate (international) growth. Protix is a producer of insect protein and fats from the Black Soldier Fly. These insect ingredients offer nutritious and sustainable inputs for pet food, aqua culture and livestock feed and organic fertilizer. Insect ingredients are so green because of their circular nature: Insects are fed with local food waste streams and the mature insects are in turn upscaled into high value ingredients. The substrate in which the insects are farmed is subsequently used as fertiliser, thus completing a circular and sustainable way of food and feed production. This partnership offers an opportunity for Tyson Foods to deploy its waste streams in a commercial way and acquire broader expertise in the alternative protein market. For Protix it is the outstanding opportunity to further build scale in partnership with a major player that has the necessary funding and access to the US market and their customer base. Protix has been a long time banking relationship of Rabobank, as we have supported the company from its earliest beginnings back in 2009. Rabo Investments became shareholder of the company in 2019, on the back of its growth potential and the clear links with two of our core investment pillars: Food & Agri and Sustainability. As a committed shareholder, Rabo Investments is also participating in the capital raise and will remain actively involved to help the company meet the short-term challenges and opportunities associated with an ambitious growth agenda.

19 October 2023

Rabo Investments co-invests into Pete & Gerry’s alongside trusted sponsor Butterfly

Pete and Gerry’s Organics is the nation’s leading producer of organic, free-range and pasture-raised eggs under the Pete and Gerry’s Organic, Nellie’s Free Range and Consider Pastures brands. The company is headquartered in Monroe, New Hampshire, with a second processing facility in Greencastle, Pennsylvania. The company traces its roots back to a small family farm in the late 1800s and has been raising chickens for three generations with an unrelenting commitment to bringing consumers the highest-quality eggs possible. Today, Pete and Gerry’s partners with over 130 small family farms across the country who follow the strictest standards of humane animal treatment and environmental sustainability, and its Pete and Gerry’s Organic and Nellie’s Free Range brands are the #1 egg brands in their respective segments. A leader in sustainability, the company became the first Certified Humane egg producer in 2003 and the first egg producer in the world to achieve Certified B-Corporation status in 2013. Rabo Investments co-invested USD 12,5m alongside Butterfly who acquired the company from the founding family. Pete and Gerry’s is Butterfly’s latest investment within its “seed to fork” approach to investing in food across agriculture, aquaculture, food and beverage products, food distribution and foodservice. Pete and Gerry’s CEO, Jesse Laflamme, will retain an ownership position and continue to help move the business forward.

6 May 2021

Contact us


Rabo Investments

Croeselaan 28

3521 CB Utrecht