The energy storage market in Europe takes a step forward with the financing secured for the Mufasa project , the gigantic battery system from Lion Storage. The Dutch company, specialized in storage solutions, has closed a deal for more than 350 million euros, consolidating its project as the largest in the country and one of the most important on the continent.
A key project for the energy transition
Located in Vlissingen, the North Sea port, Mufasa will be powered by Tesla’s Megapack 2 XL , offering a storage capacity of 1,457 MWh and an output of 364 MW . This will allow charging and discharging several times a day, ensuring electricity supply for more than 200,000 households.
This development is critical to the modernisation of the Netherlands’ electricity grid as it replaces the infrastructure of an old coal-fired power plant , reinforcing the country’s commitment to renewable energy.
International funding and support for the Mufasa project
Mufasa’s financial backing comes from Macquarie Capital, along with infrastructure investor TINC and other Return partners. Additionally, six banks have participated in the financing, demonstrating the growing interest in storage systems as part of the energy infrastructure of the future.
This project is the first of its kind in the Netherlands to secure 100% of its financing through a non-recourse project finance model, a significant achievement that marks the viability of battery storage as an attractive investment in the sector.
Strategic alliances and advanced technology
To ensure the efficiency and sustainability of the system, Lion Storage has partnered with Tesla, which will provide its long-life battery systems and participate in the construction of the project. In addition, Eneco, a market leader in electrical flexibility, will optimize the operation of Mufasa in the different Dutch energy markets.
According to Arno Hendriks, co-founder of Lion Storage, Mufasa demonstrates the viability of large-scale battery storage and also sets a standard for future investments in electrical infrastructure in Europe.
With an expected operational date of the second quarter of 2027 , the project marks a crucial step forward in the stability and modernisation of the Netherlands’ electricity system and reinforces the continent’s commitment to the transition to clean energy.
Follow us on social media and don’t miss any of our posts!
YouTube LinkedIn Facebook Instagram X (Twitter) TikTok
Source and photo: Lion Storage
