General – Energy Storage
GIGA Storage Belgium announced today that they are planning to develop a large-scale energy storage project in Kinrooi.
With this 1,200 megawatt hour project, another significant step is taken in the energy transition, and it becomes clear that Belgium intends to take a leading role in Europe.
Joeri Siborgs, General Manager of GIGA Storage Belgium, stated: “This project represents a major advancement for Belgium. This energy storage project will connect to the high-voltage grid and substantially contribute to the electricity network’s sustainable stabilisation. We already have informed the local residents of this new project during an information session to explain our plans. We are now submitting the environmental permit application to the competent authorities.”
Ruud Nijs, CEO of GIGA Storage, said: “We have been active in energy storage in the Netherlands for several years. It’s great to see that momentum is now building in Belgium as well. This project is of a similar scale to our Dutch project in Delfzijl. However, developments in Belgium are progressing faster since batteries in Belgium are largely exempt from transmission network costs.”
Last week, the Belgian Minister of Energy, Tinne van der Straeten, emphasised the importance of an attractive investment climate1: “It is due to the favourable investment climate that we are witnessing the construction of numerous new battery parks in Belgium. Battery parks, for example, are exempt from transmission network charges for ten years and do not have to pay excise duties for the portion they return to the grid. In this way, we will make Belgium a leader in the energy transition.”