Santander Corporate & Investment Banking has acted as exclusive equity and debt financial advisor to Storm on its €330 million capital raise to fund the Langerlo and Ruien battery energy storage system (BESS) projects in Belgium.

With a total capacity of 300 MW / 1,200 MWh, the transaction ( please consult all relevant info here ) supports the development of one of the country’s largest battery storage platforms, enhancing grid flexibility and accelerating the energy transition.

Santander Corporate & Investment Banking delivered an integrated equity and debt solution, structuring and executing a complex, multi-layered transaction alongside a broad group of investors and lenders. This transaction highlights the bank’s strong leadership in the BESS sector and in financing energy transition initiatives

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