Global Energy Storage (GES) is a brand-new company launched by Bluewater, the global private equity firm focused on energy transition. The new company will build a global network of first-class energy storage assets with the goal of investing c.$250 million into brown and greenfield assets, initially in Europe and Asia, in the next five years. As a global company, it is also pursuing opportunities in the Americas and Africa. The strategy of Bluewater and GES is to develop energy storage assets in key geographies that will facilitate its clients’ infrastructure and logistics needs for the Energy Transition, such as biofuels, gasses and petrochemicals, hydrogen and hydrogen carriers, and solutions to tranship CO2 to carbon sinks. To achieve this, GES is focusing on developing infrastructure that enables customers to move towards sustainable low carbon energy by concentrating on the following three strategic pillars: 1. Low-Carbon, High-Value Hydrocarbon Growth 2. Decarbonization 3. New Energies