The Nyrstar-Balen Zinc Smelting Facility – Battery Energy Storage System is a 25,000kW energy storage project located in Balen, Antwerp, Belgium. The rated storage capacity of the project is 100,000kWh.

The electro-chemical battery energy storage project uses lithium-ion as its storage technology. The project was announced in 2021 and will be commissioned in 2022.

Description

The Nyrstar-Balen Zinc Smelting Facility – Battery Energy Storage System is being developed by IFM Investors Pty and Trafigura Group Pte. The project is owned by IFM Investors Pty (50%) and Trafigura Group Pte (50%), a subsidiary of Trafigura Beheer.

The key application of the project is grid stability and balancing services.

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Contractors involved

IFM Investors Pty and Trafigura Group Pte are the owners. IFM Investors Pty and Trafigura Group Pte are the developers.

Additional information

Nala Renewables, a join venture of Trafigura and IFM Investors is owner and developer of the project. The BESS system will provide grid stability and balancing services for the Belgium grid, as well as help shift renewable energy production into high energy demand periods.

About IFM Investors Pty

IFM Investors Pty Ltd is a wealth management service provider. The company offers investment management services to high-net-worth individuals (HNWIs have a net worth of US$1 million or more, excluding their primary residence), wealthy families, superannuation and pension funds, sovereign wealth funds, insurers, endowments, foundations and universities. Its service offerings include debt investments, equity management, infrastructure assets management, business planning, private capital management, regulatory reviews, transition management, investment advisory, financial planning, and proactive asset management services. The company also provides funds management, infrastructure investments, asset allocation, pension funds promotion, cash management, risk management, portfolio management; infrastructure funds, specialized credit funds, core bonds, transaction cash funds, indexed equities, equities, and private equity funds. It has operations in Australia, the UK, Germany and Japan. IFM Investors Pty Ltd is headquartered in Melbourne, Victoria, Australia.

About Trafigura Group Pte

Trafigura Group Pte Ltd (Trafigura), a subsidiary of Trafigura Beheer B.V., is a commodity trading and logistics company. Its operations include trading of physical commodities, shipping and chartering, and asset management. The company sources, stores, blends, and delivers a range of raw materials, including oil and refined products and metals and minerals to its clients. Trafigura trades and invests in refined metals, non-ferrous concentrates, bulk commodities such as coal and iron ore, and crude and petroleum products. It also invests in assets such as storage terminals, service stations, metal warehouses and mines. Trafigura also provides asset management services. The company has operations in the Americas, Europe, the Middle East, Asia, Australia and Africa. Trafigura is headquartered in Singapore.

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Methodology

All publicly-announced energy storage projects included in this analysis are drawn from GlobalData’s Power IC. The information regarding the projects are sourced through secondary information sources such as country specific power players, company news and reports, statistical organisations, regulatory body, government planning reports and their publications and is further validated through primary from various stakeholders such as power utility companies, consultants, energy associations of respective countries, government bodies and professionals from leading players in the power sector.