Montea Invests EUR 30M in BESS for Logistics Sites

Jun 11, 2024 05:29 PM ET
  • Montea NV invests EUR 30 million in battery energy storage systems for sustainable logistics operations in Belgium and the Netherlands.

Belgian real estate investor Montea NV plans to invest EUR 30 million to install 56 MWh of battery energy storage systems (BESS) at its logistics sites in Belgium and the Netherlands. The move is part of Montea's efforts to reduce its ecological footprint and reliance on the grid, with the electricity from the batteries being used for lighting, heating, cooling, and powering electric vehicles at its facilities.

In Belgium, Montea will spend EUR 17.5 million to install 35 MWh of BESS at 14 locations, while in the Netherlands, the company will add 21 MWh of battery systems at seven sites with a further EUR 12.5 million investment. Montea expects a 12% return on its investment in the two countries and aims to have 87 MWp of solar panels on its rooftops by the end of 2024 to achieve carbon neutrality without offsetting by 2030.

How will Montea NV achieve carbon neutrality by 2030?

  • Montea NV plans to invest EUR 30 million to install 56 MWh of battery energy storage systems (BESS) at its logistics sites in Belgium and the Netherlands.
  • In Belgium, Montea will spend EUR 17.5 million to install 35 MWh of BESS at 14 locations.
  • In the Netherlands, the company will add 21 MWh of battery systems at seven sites with a further EUR 12.5 million investment.
  • The electricity from the batteries will be used for lighting, heating, cooling, and powering electric vehicles at Montea's facilities.
  • Montea aims to have 87 MWp of solar panels on its rooftops by the end of 2024 to achieve carbon neutrality without offsetting by 2030.
  • The company expects a 12% return on its investment in the two countries as part of its efforts to reduce its ecological footprint and reliance on the grid.

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