GOING THE WAY THE WINDS BLOW

Peter Vucins from energy transition-focussed storage company GES tells Tank Storage Magazine about setting up the new company The energy transition is a hot topic throughout industries dealing with traditional petroleum products. With an impending switch from oil, how will companies survive? One new company, Global Energy Storage (GES), has been set up specifically to handle products for the energy transition. GES was set up by CEO Peter Vucins and executive chairman Eric Arnold, with US$250 million (€205 million) in backing from private equity company and energy transition specialist Bluewater. ‘When we started GES we started with a strategy for building infrastructure for clean fuels because that’s where the wind blows, that’s where the demand is, and that’s where the money is going to be,’ says Vucins. A START IN PETROLEUM Vucins and Arnold both cut their teeth in the traditional petroleum industry. Vucins, who is originally from Sweden, studied engineering at Delft University in the Netherlands before joining Vopak, spending time at Mercuria Energy Trading, and helping to set up Vesta Terminals. He was CEO of the joint venture running Vesta, then left to join...