Dutch energy storage solutions provider Return has announced the conclusion of a long-term partnership with APG. APG is an institutional investor with approximately €590 billion in assets under management. On behalf of the ABP pension fund, APG is providing Return with €300 million in growth capital, thereby acquiring a minority stake in the company. Prior to this transaction, Return had already invested a similar amount in its core business.
Return’s large-scale battery storage platform connects storage locations across national borders and provides real-time data on where energy is available and where it is needed. »Partnering with APG marks an important step toward a more connected and resilient European energy system,« comments Willem-Jan Schutte, founder and CEO of Return. » Together, we can turn today’s fragmented energy landscape into one that truly works for customers, communities and the climate.«
APG’s capital will be invested directly in the further development of Return’s platform, the company announced. The transaction was signed in October 2025 and is expected to be completed by the end of the year, subject to regulatory approval.
Return is currently active in the Netherlands, Germany, Belgium and Spain and currently has 70 MW of operational storage capacity in the Netherlands and a further 450 MW under construction. In 2024, Return acquired the Hamburg-based storage developer J&P Batterie Projekte GmbH.
With long-term customer contracts worth over two billion euros, Return is well positioned to meet growing demand by 2030 with a pan-European storage network of around five gigawatts.
© PHOTON
