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.