【SMM Analysis】Giga Storage Company Granted Approval for Deployment of Europe's Largest Battery Energy Storage Project

According to foreign media reports, Giga Storage, a Netherlands-based energy storage system developer, has recently obtained a permit to deploy a 600MW/2400MWh battery energy storage system in Belgium. The project is named Giga Green Turtle. Obtaining the permit indicates that the financing for this largest-scale battery energy storage project in Europe can be arranged. The project is located adjacent to a 380kV high-voltage distribution station operated by the transmission system operator Elia. The deployment site is an abandoned zinc plant, and before Giga Storage purchased it from the zinc plant owner, another energy developer had plans to deploy a battery energy storage system there. The project will consist of 20 battery energy storage systems (each equipped with an inverter), as well as 185 medium-voltage transformers and 5 high-voltage transformers. Giga Storage stated that the electricity stored in the Giga Green Turtle battery energy storage project can meet the power needs of 330,000 households for one year. The project is expected to start construction in 2025 and be completed by 2028. Giga Storage Company stated that the project will play a key role in the energy transition in Belgium and Europe.