Low carbon energy storage company GES and independent storage and logistics company GPS have merged to create a major force in the energy storage sector and develop a global network of terminals.
The combined business will take on the name, Global Energy Storage Group (GES), and will help facilitate the growing use of low carbon energies, with an emphasis on cryogenic storage for products such as liquefied petroleum gas (LPG), liquefied natural gas (LNG) and ammonia, which is a promising hydrogen carrier.
In addition, biofuels and logistics solutions for the transhipment of carbon dioxide (CO2) are being pursued.
The new GES group will feature the following four storage assets, with additional business and project developments being pursued globally:
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