GIGA Storage (European energy storage developer and operator) has selected Veolia (a French transnational powerhouse), operating through its Flexcity offer, and enspired (energy storage company) as the commercial optimisation partners for GIGA Giraffe, the largest battery energy storage project in Amsterdam.

The appointment, announced, marks a new operational phase for the asset as it moves to unlock additional revenue streams across multiple European energy markets.

The Giraffe Asset

GIGA Giraffe is located in the Westhaven area of Amsterdam and was officially inaugurated in October 2025. The project consists of twelve Tesla Megapack 2XL units built on lithium-ion LFP technology, delivering a power capacity of 10 MW and an energy storage capacity of 47 MWh.

With a four-hour duration, the system has been operational for approximately six months, providing grid balancing services and supporting energy supply reliability in the Amsterdam port area.

Since its inauguration, the project has held the distinction of being the largest battery energy storage installation within the city of Amsterdam. GIGA Storage describes the asset as a central element of its Route to Market strategy, citing the system's duration and multi-market capability as key commercial attributes.

Terms of the New Partnership

Veolia and enspired assumed responsibility for the commercial optimisation of the Giraffe battery energy storage system under a merchant profit-sharing model.

The arrangement directly aligns the financial interests of GIGA Storage with those of its two new optimisation partners, tying shared value creation to market performance outcomes.

Under the agreement, the partners will apply an integrated cross-market optimisation strategy to the project. This covers activities across wholesale markets, including intraday, day-ahead and imbalance trading, as well as ancillary services that include aFRR capacity and energy, along with congestion management services.

Animesh Ranjan, Chief Investment Officer at GIGA Storage, said the asset's characteristics made it well suited to the company's commercial approach. "Giraffe's four-hour duration and ability to operate across multiple energy markets make it a strong fit with our Route to Market strategy," Ranjan said. "Together with Veolia and enspired, we are confident we can unlock the full value of the asset."

Veolia's Flexcity Offer

Veolia is participating in the partnership through its Flexcity offer, which the company positions as a leading European provider of flexibility solutions. The Flexcity platform currently manages more than 3.5 GW of power across multiple energy markets and specialises in optimising energy systems, creating new revenue streams and supporting grid stability. Veolia's operations through Flexcity span the Dutch, Belgian, and French markets.

Julien Le Baut, Head of Growth for the Flexcity offer at Veolia, pointed to conditions in the Dutch market as a particular driver of the opportunity. "The Dutch market presents great opportunities for flexible assets right now, and through our partnership with enspired, we're delivering maximum value while playing a vital role in grid balancing," Le Baut said. He added that the company was proud to bring its trading and optimisation capabilities to the Giraffe asset.

enspired's Role in the Collaboration

enspired focuses on the commercial optimisation of batteries and other power assets across wholesale, reserve and ancillary service markets. The company operates an artificial intelligence-powered trading platform that is described as one of the fastest operating on the European short-term power market. The platform is specifically designed to maximise the value of flexible energy assets.

Together, Veolia and enspired are positioned to provide what GIGA Storage characterises as extensive expertise in cross-market battery optimisation. The two companies have been jointly responsible for the commercial optimisation of the Giraffe system since the arrangement commenced ahead of the June 2026 announcement.

Market Context and GIGA Storage's Position

The appointment of new optimisation partners reflects a broader effort by GIGA Storage to reinforce its standing in Europe's battery storage sector during a period of growing demand for flexible grid assets.

The Netherlands, as one of the markets covered by Veolia's Flexcity operations, has been identified by both partners as presenting significant commercial potential for storage assets capable of operating across multiple market segments simultaneously.

The Giraffe project, now approximately six months into its operational life, continues to provide grid balancing services to the Amsterdam port area while its new optimisation partners work to expand the commercial value extracted from the asset across the full spectrum of available energy market products.

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