Trafigura, one of the world’s leading independent commodity trading companies, has announced the first live project by Nala Renewables, its newly formed joint venture company with IFM Investors. An investment of up to EUR30 million will be made to develop one of Belgium’s largest Battery Energy Storage Systems (“BESS”) at Nyrstar’s zinc smelting facility in Balen.
Construction of the Balen BESS project is planned to start during the first half of 2021 following permitting approval, with completion in 2022. Utilising lithium-ion battery technology, the 100 MWh battery project will be able to store 25 MW for over four hours. The BESS system will provide grid stability and balancing services for the Belgium grid, as well as help shift renewable energy production into high energy demand periods.
Trafigura to invest up to €30 million to develop battery energy storage system January 6, 2021, by Jasmina Ovcina
Geneva-based commodity trader Trafigura is investing up to €30 million into Belgium’s largest Battery Energy Storage Systems (BESS) at Nyrstar’s zinc smelting facility in Balen.
The investment will be the first live project by Nala Renewables, Trafigura’s newly formed joint venture company with IFM Investors.
Construction of the Balen BESS project is planned to start during the first half of 2021 following permitting approval, with completion in 2022.
Utilising lithium-ion battery technology, the 100 MWh battery project will be able to store 25 MW for over four hours.