GPS & GES merge to develop the next generation of energy storage assets
Low carbon energy storage company, GES, and independent storage and logistics company, GPS, are delighted to announce they have combined both businesses to create a major player in the energy storage sector.
The combined business will take on the name Global Energy Storage Group (GES) and the merger further strengthens GES’ position in the market and the new business will explore substantial growth opportunities across all markets internationally.
The new structure is being created to put greater focus on the development of the next generation of energy storage assets. This will help facilitate the growing use of low carbon energies, with an emphasis on cryogenic storage for products such as LPG, LNG and ammonia, which is a promising hydrogen carrier. In addition, biofuels and logistics solutions for the transhipment of CO2 are being pursued.
The new GES group will feature the following four storage assets, with additional business and project developments being pursued globally:
• Port of Rotterdam – Europe’s main port where GES is pursuing the development of storage and logistics infrastructure designed to facilitate energy transition.
• Port of Amsterdam – Substantial hydrocarbon and biofuels storage capacity, supported by a rail link giving access to continental Europe.
• Port Hamriyah – A recently completed storage facility for fuels and petrochemicals located in the Hamriyah Free Zone in Sharjah, UAE.
• Port Klang in Malaysia – Southeast Asia’s largest independent LPG storage terminal, commissioned in May this year, with refrigerated storage and VLGC capability.
