US-based CCI acquires majority stake in Dutch energy storage firm S4 Energy: Know more

Stamford, USA-based Castleton Commodities International (CCI), a global energy trader, announced on Monday that its subsidiary has acquired a majority stake in Dutch energy storage company S4 Energy. 

With this acquisition, CCI plans to work with S4 Energy to develop the company into a pan-European platform. 

S4 Energy: What you need to know

Based out of Rotterdam, S4 Energy builds, owns, and operates hybrid storage systems by combining grid-scale lithium-ion batteries with its proprietary KINEXT flywheel technology. 

The Dutch company has an operating portfolio of 25MW in the Netherlands and a project pipeline across various stages of development and construction. 

S4 Energy aims to build more than 300 MW of long-duration storage assets throughout Western Europe over the next three years. 

The company is on a mission to help energy producers, grid operators, and end users to stabilise supply and demand, and make the most of their existing infrastructure. 

Leo Visser, CEO of S4 Energy, says, “We are very excited and proud to welcome CCI as a majority shareholder. With their international network, expertise, and access to capital, we will accelerate the deployment of our grid-connected energy storage projects significantly, and we can promote the added value of our proprietary KINEXT storage technology in other applications as well.” 

Castleton Commodities International: What do you need to know

Based out of Stamford, Castleton Commodities International is a global energy commodity merchant with integrated businesses focused on marketing, merchandising, and trading commodities and the ownership, operation, and development of commodities-related infrastructure assets. 

“We are pleased to partner with S4 Energy as a shareholder and look forward to working closely with them to develop the company into a pan-European platform of scale. This investment reflects our conviction that energy storage will be a key enabler of decarbonisation while maintaining the stability and reliability of the power grid in Europe,” says Mohit Singh, Vice President in CCI’s European Principal Investments team.