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FINWIRES

Royal Vopak to Buy Majority Stake in BESS Developer Green Energy Storage

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-- Dutch tank storage company Koninklijke Vopak (VPK.AS) agreed to acquire a majority stake in Dutch battery energy storage systems developer Green Energy Storage.

Under the deal, Vopak will also support Green Energy Storage's project pipeline, including its utility-scale battery storage project in Oosterhout, according to a Thursday release.

Terms of the deal, which remains subject to a final investment decision, will be disclosed upon closing.

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