TINC invests in large-scale battery storage to strengthen the flexibility of the Belgian electricity network (B)

Antwerp, 25 March 2026, 7:00 CET

TINC, the infrastructure investor listed on Euronext Brussels, invests € 23 million in two greenfield large-scale battery energy storage systems located in Ruien (Kluisbergen) and Langerlo (Genk). These battery systems, represent a total investment value of € 330 million and will contribute significantly to the flexibility and reliability of the Belgian electricity system.

“This investment fits perfectly within our strategy to shape the infrastructure of tomorrow. By investing in flexible energy infrastructure, not only do we bolster the resilience of the electricity system, but we also further grow a diversified portfolio creating long-term value. This investment highlights our ambition to grow towards a € 1 billion portfolio, backed by sustainable and future-oriented infrastructure in Belgium and adjacent countries.” – Manu Vandenbulcke, CEO TINC

Significant expansion of flexible power capacity

With a combined capacity of 300 MW and a total storage capacity of 1,200 MWh, the battery systems represent a substantial expansion of flexible energy infrastructure in Belgium. From the end of 2027 onwards, they will enhance the integration of electricity production from renewable energy sources into the Belgian electricity system.

Both battery systems are developed, constructed and operated by the Belgian renewable energy company Storm.

€ 330 million investment value

The two battery systems represent an investment value of € 330 million. A consortium of Belgian and international lenders(including KBC, Belfius, ING, Rabobank, Triodos, Santander and Société Générale) provide the project financing. Equity is provided by TINC, together with the Flemish investment company PMV and I4B. TINC and PMV are experienced investment partners of Storm and have since 2011 invested in, among others, circa 200 MW of wind farms in Flanders and Wallonia developed by Storm.

Second investment in large scale battery storage by TINC

This is the second investment by TINC in large scale battery storage capacity, after the earlier € 61 million investment in February 2025 in Project Mufasa, one of the largest battery energy storage systems in the EU. This project is realized in the North Sea Port Vlissingen, a key hub for renewable energy in the Netherlands.

€ 23 million investment commitment by TINC, funded under its available credit lines

TINC commits € 23 million to this investment, which will be funded during 2026 under its € 200 million revolving credit facility. Net debt of TINC amounted to € 73 million at the time of the transaction, including the € 4.9 million proceeds from the sale of the participation in Zelfstroom that was recently completed.

About TINC

TINC is a listed investment company that seeks to create sustainable value by investing in the infrastructure for the world of tomorrow. TINC participates in companies that are active in the realization and operation of infrastructure and holds a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and social infrastructure in Belgium, France, Ireland and the Netherlands.

For more information, please visit www.tincinvest.com.

Contact

Manu Vandenbulcke, CEO TINC
T +32 3 290 21 73 - manu.vandenbulcke@tincinvest.com
Filip Audenaert, CFO TINC
T +32 3 290 21 73 - filip.audenaert@tincinvest.com

About Storm

Storm is a Belgian developer and operator of renewable energy projects. Since its foundation in 2008, the company has developed around sixty wind turbines in Belgium. The company plans to build dozens of additional wind turbines, battery parks and fast-charging stations in the coming years.
www.storm.be

Contact

Ilse Baele, Head of Communication
Ilse.baele@storm.be