With investment in 50Hertz and Belgium power grid owner Elia Group, Fluxys forms energy transmission platform

• Fluxys to participate in the upcoming share capital increase of power grid operator Elia Group, help form a diversified transmission platform operating across the power and gas sectors
• Energy Infrastructure Partners, or EIP, expands its portfolio to include participations in Belgian national grid and one of Germany’s transmission system operators

ZURICH & BRUSSELS, 29 October 2024 — The Fluxys group, a global leader in the molecular transmission industry and Energy Infrastructure Partners portfolio company, has reached an agreement to invest in Elia Group alongside its lead shareholder Publi-T.

Elia owns Elia Transmission Belgium, the country’s national power grid, and 50Hertz, one of Germany’s four transmission system operators. It also operates an electrical link connecting Great Britain and Belgium and develops projects in the U.S.

Enabled by the close partnership between Fluxys and Elia’s leading shareholders, Publigas and Publi-T, holding companies representing the interest of Belgian municipalities in the gas and electrical transmission industries, as well as EIP, the investment will take place through an increase in Elia’s share capital. The new funds will support Elia’s investment plans to further develop its asset base, especially the power grids it operates.

Diversified transmission platform for both molecules and electrons

Building on its portfolio of gas transmission, storage and terminal assets, the investment positions Fluxys, an EIP partner since 2016 and portfolio company since 2023, as part of a diversified transmission platform for both molecules and electrons. Together Elia and Fluxys will seek to intensify the coordination of power and gas markets to ensure that Belgium and Germany preserve their industrial competitiveness and leadership as European energy hubs.

Since 2016, EIP and Fluxys have partnered in the management of Transitgas, a key artery connecting northern and southern European and allowing the continent’s three largest economies, Germany, France and Italy, to trade with each other. On behalf of its clients and together with a consortium of Belgian institutional co-investors, EIP in 2023 acquired a 19.85% stake in the Fluxys group.

About Energy Infrastructure Partners AG
Energy Infrastructure Partners invests in energy infrastructure to create exceptional value for our clients and partners. With EUR 7 billion under management, our investments focus on three megatrends – decarbonization, electrification and security – that require trillions of investments in the energy sector over the next decades. We use our extensive industry network, deep transaction experience and close partnerships with leading energy companies and the public sector to develop and manage investment solutions for institutional investors globally. With headquarters in Zurich and offices internationally, our global team includes 26 nationalities united by three core values: entrepreneurship, excellence and trust.

About Publi-T
Since 2001, Publi-T is the reference shareholder of the Elia Group (44.79%), which owns Elia Transmission Belgium, the Belgian electricity transmission system operator, and 50Hertz, one of the four electricity transmission system operators in Germany. Publi-T is a holding company which brings together the interests of the 3 regions in this strategic sector for industrial consumers and citizens.

About Fluxys
Headquartered in Belgium, Fluxys is a fully independent infrastructure group with 1,300 employees active in gas transmission and storage and liquefied natural gas terminalling. Through its associated companies across the world, Fluxys operates 28,000 kilometers of pipeline and liquefied natural gas terminals totaling a yearly regasification capacity of 450 terawatt hours. Among Fluxys’s subsidiaries is Euronext-listed Fluxys Belgium, owner and operator of the infrastructure for gas transmission and storage and liquefied natural gas terminalling in Belgium.

As a purpose-led company, Fluxys together with its stakeholders contributes to a better society by shaping a bright energy future. Building on the unique assets of its infrastructure and its commercial and technical expertise, Fluxys is committed to transporting hydrogen, biomethane or any other carbon-neutral energy carrier as well as carbon dioxide, accommodating the capture, usage and storage of the latter.

Media contact
media@energy-infrastructure-partners.com