Global Energy Storage, a company develops a global network of first-class energy storage assets, completed the acquisition of Stargate terminal in Europoort from Gunvor Group, a Cypriot-domiciled multinational commodity trading company. Financial terms were not disclosed. “This is an important milestone for GES. The location of this first investment in the heart of the Port of Rotterdam positions us perfectly to significantly contribute to our client’s needs to develop the new storage and logistics infrastructure to facilitate the Energy Transition which is upon us and accelerating. Our partnership with Gunvor Group and Port of Rotterdam is vital to our strategy to realize these expansions, as are other strategic partnerships we currently are in discussions with. We hope to revert with some further positive news relatively soon,” Peter Vucins, GES CEO.