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

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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. 

- A message from our partner -

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.

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