Castleton Commodities International (CCI) announced that a subsidiary has acquired a majority stake in S4 Energy BV, a company that develops, owns and operates large-scale, energy-storage systems.
Based in the Netherlands, S4 Energy builds hybrid storage systems by combining grid-scale, lithium-ion batteries together with the company's proprietary KINEXT flywheel technology. S4 Energy has an operating portfolio of 25 megawatts in the Netherlands and a project pipeline across various stages of development and construction. The company targets building more than 300 megawatts of long-duration storage assets during the next three years throughout Western Europe.
CCI is a global energy commodity merchant with integrated businesses focused on marketing, merchandising and trading commodities, and the ownership, operation and development of commodities-related infrastructure assets.