12 July 2022  |  Schiphol

DIF Capital Partners supports further growth of Greener, a leading Dutch mobile battery solution provider

DIF Capital Partners (“DIF”) is pleased to announce that through DIF CIF III (the “Fund”) it has signed an agreement to partner with Greener Power Solutions B.V. (“Greener”), a leading mobile battery solution provider, headquartered in Amsterdam, the Netherlands. The Fund will acquire a majority stake and provide capital that will enable Greener to rapidly grow its battery fleet in order to expand its service offering and achieve its ambitious growth plans in the Netherlands and abroad.

Greener is a market leader in mobile battery solutions in the Netherlands with a portfolio of 60 containerized mobile batteries. Through its mobile batteries the company provides contracted mobile green power solutions to customers who have insufficient or no grid connection capacity available. Greener supplies off- and on-grid power solutions to among others construction sites, customers awaiting grid upgrades, large scale events and temporary EV charging locations.

Demand for mobile battery solutions is growing rapidly due to tightening emission regulations, pushing construction companies to use more environmentally friendly power solutions, and growing grid constraints leading to an increased demand for temporary power. Greener is strongly positioned due to its sizeable fleet of high-quality mobile batteries, experience in installing and operating batteries and in-house developed software platform, which offers customers convenience and cost savings tailored to their specific applications.

Willem Jansonius, Partner and Head of Investments for the DIF CIF strategy, says: “DIF believes that the ongoing push to decarbonize the economy and reduce nitrogen emissions will continue to increase pressure on companies to utilize clean energy solutions, as evidenced by the ongoing nitrogen crisis in the Netherlands. Moreover, Greener is expected to benefit from the constraints to enlarge grid capacity in the Netherlands. Greener’s mobile power solutions offers a material reduction in emissions and thereby supports the energy transition. We are excited to on-board on this journey together with management to realize Greener’s ambitious growth and decarbonization plans”.

Dieter Castelein, CEO of Greener: “The investment of DIF Capital Partners enables us to achieve new goals and pursue great opportunities to further improve and expand our power solutions. We believe that temporary power supply will play a great role in the energy transition and we aim to make a significant contributions to the acceleration of this transition.”

Closing of the transaction is expected to take place in July 2022.

About DIF Capital Partners

DIF Capital Partners is a leading global independent investment manager, with ca. EUR 11 billion in assets under management across ten closed-end infrastructure funds and several co-investment vehicles. DIF invests in infrastructure companies and assets located primarily in Europe, the Americas, and Australia through two complementary strategies:

  • Traditional DIF funds, of which DIF Infrastructure VI is the latest vintage, target core infrastructure equity investments with long-term contracted or regulated income streams including public-private partnerships, concessions, utilities, and energy transition projects (incl. renewable energy).
  • DIF CIF funds, of which DIF CIF III is the latest vintage, target equity investments in small to mid-sized core-plus infrastructure companies in the telecom, energy transition, and transportation sectors.

DIF Capital Partners has a team of over 190 professionals, based in eleven offices located in Amsterdam (Schiphol), Frankfurt, Helsinki, London, Luxembourg, Madrid, New York, Paris, Santiago, Sydney, and Toronto. For more information please visit www.dif.eu.

Contact: Thijs Verburg, t.verburg@dif.eu.