Global Energy Storage Group (GES) announced the sale of its Rotterdam terminal to Tepsa. The transaction marks GES’s exit from the Dutch market.
The Rotterdam facility includes 212,000 cubic meters of tank storage and 18 hectares of development land. It is located in the Europoort area of the Port of Rotterdam.
The sale aligns with GES’s strategic plan to focus on the fast-growing Asian market. The company emphasizes its terminal at Port Klang, Malaysia, as key to this growth.
CEO Peter Vucins said, “Part of our investment cycle is realizing value at the right time. We believe this was the right moment for GES to sell.” He added that the company remains committed to expanding in Asia.
Vucins thanked the Rotterdam team and customers for their support. He highlighted their role in maintaining safe, reliable operations throughout GES’s ownership.
The sale means GES no longer owns assets in the Netherlands. Its growth strategy is now centered on Asia, where demand for bulk liquid storage is rising.
The company stores chemicals, biofuels, and energy products. Its flagship terminal in Port Klang is a key part of its expansion plans.
Backed by investors Bluewater and White Deer, GES continues to pursue its long-term vision. The company aims to capitalize on Asia’s energy storage opportunities.
This sale is a milestone in GES’s strategy to focus resources on markets with high growth potential. The company remains committed to sustainable energy storage development.
