Belgium’s Montea invests €30m in BESS

Belgium’s Montea invests €30m in BESS

Belgium’s Montea invests €30m in BESS 150 150 Batteries International

June 14, 2024: Montea, the Belgium real estate investment trust, is to invest almost €30 million ($32.5 million) in battery-based energy storage systems, the company announced on June 7.

Montea describes itself as a developing investor in logistics real estate in Belgium, France, Germany and the Netherlands.

The company will invest €17.5 million ($18.9 million) in installing BESS at 14 of its sites across Belgium, equipping almost half its portfolio with energy storage by the end of the year. This will be equivalent to a total storage capacity of 35 MWh. The company also plans to invest another €12.5 million ($13.5 million) in the Netherlands in the near future.

The stored energy will be used to light, heat, and cool logistics platforms, as well as to power electric vehicles. The installation of these BESS will also help alleviate some of the congestion on the grid.

“Our logistics centres are already a leading force in sustainability,” said Dirk Van Buggenhout, chief sustainability officer at Montea. “By installing battery energy storage systems, we can supply more energy to our customers and help stabilize the grid.”