Amsterdam, 17 February 2025 - Dutch energy storage developer Lion Storage, part of Return, announces that project Mufasa—one of the largest battery energy storage systems (BESS) in the Europe—has successfully reached Financial Close.

 

The project is being backed by Macquarie Capital as lead equity investor alongside listed infrastructure investor TINC and existing Return investors as well as six banks, all of which bring extensive experience financing energy transition projects.

 

Set to become operational in H1 2027, the project is being built in Vlissingen in North Sea Port, a key hub for renewable energy in the Netherlands. Replacing a former coal-fired power plant connection to the high voltage grid, this landmark initiative represents a major step forward in supporting the Netherlands’ transition to renewable power, while strengthening its critical energy infrastructure.

 

Project Mufasa will feature Megapack 2 XL, Tesla’s utility scale energy storage system. The batteries will be able to charge and discharge 1,400 MWh at 350 MW power capacity, several times per day: sufficient to power well over 200,000 households. As the largest BESS in the Netherlands and one of the largest energy storage projects in Europe, it sets a new standard for balancing and securing power grids.