Global Energy Storage Group (GES) is a Singapore-based startup that is focused on building a global network of first-class energy storage assets. The company was founded in 2021 with the goal of investing around $250 million into brown and greenfield assets, primarily in Europe and Asia, over the next five years. GES is also considering expansion opportunities in the Americas and Africa. The company's development efforts are concentrated on establishing expandable platforms at strategic energy flow intersections to cater to customers' storage and logistics needs in the midstream space.
GES aims to develop energy storage assets in key geographies to support its clients' infrastructure and logistics requirements for the Energy Transition, including biofuels, gases and petrochemicals, hydrogen and hydrogen carriers, and solutions for transhipping CO2 to carbon sinks. The company's strategy revolves around enabling customers to transition towards sustainable low carbon energy through three strategic pillars: Low-Carbon, High-Value Hydrocarbon Growth, Decarbonization, and New Energies.
The most recent investment in GES was a Private Equity Round investment on 21 May 2021, with Blue Water Energy investing in the company.
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