APG, on behalf of pension fund ABP — one of the world's largest pension investors — is investing €300 million ($350 million) in new growth equity for a minority stake in Return, an independent large-scale energy storage provider in Europe.
Return serves customer demand across Europe and is active in the Netherlands, Germany, Belgium and Spain, with 70 megawatts of operational storage capacity in the Netherlands and another 450 megawatts currently under construction. The company’s high-tech battery energy storage system (BESS) platform connects storage sites across countries, showing real-time insight where energy is available and needed to ease congestion and strengthen the grid.
Prior to the capital injection from APG, Return had already invested a similar amount in its core operations. The long-term partnership with APG enables customers to access reliable, flexible energy for portfolio balancing; to manage renewable flows; and to ease grid congestion acros
