CCI acquires LC Energy's battery storage platform

The move will combine LCEGS' development experience with S4 Energy's sector expertise.

Castleton Commodities International’s (CCI) subsidiary S4 Energy, a developer and operator of grid-scale battery energy storage systems, has acquired Netherlands-based LC Energy’s battery storage platform (LCEGS).

The move will bolster the energy grid’s resilience and flexibility by combining LCEGS’ development experience with S4 Energy’s sector expertise.

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Battery energy storage systems are increasingly crucial for Europe’s decarbonisation efforts and the reliable operation of power grids.

As the continent’s reliance on intermittent renewable energy sources and power demand from electrification, data centres and cloud computing grows, battery storage is expected to play a significant role in grid support.

S4 Energy aims to contribute to the demand, positioning itself as an independent flexibility provider within the next three years, with a primary focus on the Netherlands, Germany and adjacent markets.

The company is currently constructing four medium voltage projects in the Netherlands, each with a four-hour capacity and all scheduled to become operational in 2025.

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CCI European investments team principal Mohit Singh stated: “This investment marks a transformative step for our platform, S4 Energy, and brings us closer to our objective of establishing a fully integrated, pan-European battery energy storage system platform.

“This transaction underscores our commitment to that vision and highlights the crucial role energy storage will play in facilitating decarbonisation.”

The acquisition will help CCI strengthen its presence in the Dutch battery energy storage sector.

The transaction follows a previous acquisition of a majority stake in L48 Energy, an independent battery energy storage operator based in the UK, in December 2023.

CCI aims to develop grid-scale batteries within the UK through the acquisition and expand into other European markets.

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