NEW CFO AT ENERGY STORAGE MARKET LEADER GIGA STORAGE MOVES OVER FROM THE MINISTRY OF FINANCE

Amstelveen, 22 June 2023 – GIGA Storage, a leading player in the storage industry, is pleased to announce the appointment of Martin Heerma as the new Chief Financial Officer (CFO). Martin will lead the company’s financial strategy and play a vital role in supporting GIGA Storage’s growth plans. He previously worked as deputy director at the Ministry of Finance, with final responsibility for central government banking, including the financing of the Dutch national debt. Before that, he worked at De Nederlandsche Bank.

Lars Rupert so far combined the functions of CCO and CFO and can now fully focus on the business cases and the further international roll-out of the organization.

With more than 15 years of experience in the financial sector, Martin has built an impressive track record. His extensive knowledge and expertise will be invaluable to GIGA Storage in the next phase of our business.

The day before yesterday, TenneT announced that a minimum of 9 GW of battery capacity is needed in 2030 to keep the Dutch energy grid stable, also for the future when more and more renewable energy will be available. This requires many billions in investments. The challenge of raising this money for companies like GIGA Storage is one of the important critical success factors.

CEO Ruud Nijs on the appointment of Martin Heerma: “We are delighted to welcome Martin as our new CFO. His strong financial background and proven leadership will help us strengthen our position in the market and will position GIGA Storage further as the market leader in the Netherlands and Europe. Our ultimate goal is to be instrumental in accelerating the shutdown of gas and coal plants. Martin’s expertise will be a valuable addition to our team, and I look forward to working with him.”

Martin Heerma: “I am very excited to join the GIGA Storage team and to work with the company’s talented leadership team, the employees and the stakeholders. GIGA Storage has built a strong reputation in the energy storage industry and I am committed to contribute to the success. I also want to contribute to the growth of the company, which will ensure a smart and sustainable electricity grid through large energy storage projects in Europe.”

ABOUT GIGA Storage

GIGA Storage is a developer, investor and operator of large-scale energy storage projects in Europe. Our mission is to accelerate the shutdown of gas and coal-fired power plants. We do this by realizing large-scale energy storage projects and smartly managing them with our IT platform. As a result of these and future projects, more sustainable energy projects can be connected, and they are also switched off less often. In addition, we contribute to the more efficient use of the electricity grid. We started in 2018, are market leader in the Netherlands and opened an office in Belgium.


More information?

GIGA Storage:
Tiffany Abati, +31 6 11530639, tiffany.abati@giga-storage.com
www.giga-storage.com