GPS Group
GPS Group (trading as Global Energy Storage / GES) is a Singapore-headquartered, PE-backed independent owner-operator of energy storage terminals serving oil and gas companies, commodity traders, and energy-transition players across Europe and Asia.
- Company typePrivate
- Founded2016
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
What GPS Group does
GPS Group, operating commercially as Global Energy Storage (GES), is a privately held independent owner-operator of energy storage terminals founded in 2016 and headquartered in Singapore. The company develops, owns, and operates physical storage and terminal logistics infrastructure for hydrocarbon commodities (fuel oil, gasoil, naphtha, LNG) and emerging low-carbon energy products (green fuels, biofuels, hydrogen carriers), targeting oil and gas majors, independent commodity traders, and energy-transition counterparties across Europe, the Middle East, Africa, and Asia. The platform's stated objective is to invest approximately $250 million of sponsor capital — provided by Bluewater Energy and White Deer Energy — into brownfield and greenfield terminal assets over a five-year horizon, with flagship assets including the GES Klang green fuel terminal in Malaysia and, until July 2025, a terminal in the Port of Rotterdam that has since been divested to a strategic buyer.
The underlying technology is conventional bulk-liquid and gaseous hydrocarbon terminal infrastructure — storage tanks, jetties, blending and handling facilities, and associated HSE and commercial systems — rather than proprietary software or process IP. Revenue is generated through long-term, contract-based terminal storage fees and ancillary logistics services charged to enterprise customers on a capacity-and-duration basis, which the input describes as "subscription/recurring" in nature. Go-to-market is direct enterprise field sales, leveraged heavily through the leadership network of executives drawn from Shell, VTTI, Vopak, Trafigura, Vesta Terminals, and Mercuria, with no third-party channel or SMB motion. The company maintains a small core team (11–50 employees), a wholly owned operating subsidiary (GES Klang), and an active M&A function pursuing acquisitions primarily outside Asia.
Recent strategic activity centers on portfolio rotation — the July 2025 Rotterdam divestiture signals recycling of capital from a mature European hydrocarbon asset — alongside continued Asian green-fuel build-out and cross-border M&A scouting. The business model is capital-intensive and counter-party-dependent, with revenue predictability tied to long-duration storage contracts at a small number of facilities rather than to a diversified or transactional customer base.
GPS Group firmographics
Firmographics- Name
- GPS Group
- Legal name
- Global Energy Storage
- Website
- https://gpsgroup.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- GPS Group (trading as Global Energy Storage / GES) is a Singapore-headquartered, PE-backed independent owner-operator of energy storage terminals serving oil and gas companies, commodity traders, and energy-transition players across Europe and Asia.
- Ownership category
- akta.pro rank
GPS Group industry classification
Industry- Product category
- Energy Storage Infrastructure / Fuel Storage Terminal Services
- NAICS
- General Warehousing and Storage (493110)
- SIC
- Public Warehousing & Storage (4220), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces) (EUALAEAG)
- akta.pro secondary industry
- NGL / LPG Storage & Terminals (Propane, Butane, Ethane, Y-Grade) (EUALAEAC)
Keywords
Where GPS Group is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices3 records
Markets served
GPS Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Terminal Storage Services: Revenue generated from providing energy storage terminal services to oil and gas companies, commodity traders, and energy transition players. The company develops, owns, and operates storage facilities across a global terminal network, charging fees for storage capacity utilization and terminal logistics services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
GPS Group product offering
Product offeringCore offering
GPS Group (operating as Global Energy Storage Group / GES) is an independent energy storage company that develops, owns, and operates energy storage terminals for hydrocarbons, LNG, and low-carbon energy commodities. The company builds a global network of first-class storage assets — including green fuel terminals such as GES Klang in Malaysia — providing storage capacity utilization and terminal logistics services to oil and gas companies, commodity traders, and energy transition players. Backed by Bluewater Energy and White Deer Energy with an investment target of approximately $250 million over five years.
Product overview
GPS Group operates as Global Energy Storage (GES), an independent energy storage company developing and operating first-class energy storage assets to create a global terminal network. The company's core offering consists of green fuel terminals, including specific facilities like GES Klang in Malaysia, that facilitate the storage and transportation of energy commodities including low-carbon and sustainable fuels. GES is backed by Bluewater Energy and White Deer Energy and is investing approximately $250 million into brown and greenfield energy storage assets in Europe and Asia.
Differentiator
Problem solved
Functional benefit
Products and services
- Green Fuel Terminals Network
Companies that use GPS Group
Customer profileSegments2 records
Ideal customer profiles2 records
GPS Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
GPS Group partnerships and signals
Strategic signalScale indicators3 records
Recent moves1 record
Expansion highlights5 records
GPS Group competitors and assessment
Company assessmentBroad incumbents
- Royal Vopak: Royal Vopak is the world's largest independent tank storage operator for oil, chemicals, biofuels and gases, operating terminals in over 30 countries. It is the principal direct competitor to GES in independent bulk liquid storage, with a far larger global footprint and a longer-tenured gas/LNG storage business.
- Oiltanking (MISC Group): Oiltanking is a major independent tank storage provider for petroleum, chemicals and gases, with terminals in strategic locations worldwide and a substantial gas storage franchise. It is a comparable independent bulk-liquid storage operator targeting many of the same oil/energy customers as GES.
- Puma Energy: Puma Energy is a downstream energy company active in storage, distribution and retail of petroleum products and low-carbon fuels across emerging markets. GES board director Graham Sharp was previously Chairman of Puma Energy, and GES's mid/downstream storage segment overlaps with Puma's terminal activities.
- Shell (downstream trading and terminals): Shell operates a global network of downstream terminals and trading hubs for crude, refined products, LNG and increasingly low-carbon fuels. While vertically integrated (and therefore not a pure independent competitor), its storage and logistics activities are a benchmark for how an oil major customer of storage services approaches capacity decisions.
Direct peers
- VTTI: VTTI is one of the largest independent energy storage operators globally, with a focus on oil products, chemicals and renewables storage. It is highly comparable to GES given GES leadership's deep VTTI/VTTI Asia heritage and overlapping European and Asian terminal footprints.
- Vesta Terminals: Vesta Terminals operates independent liquid bulk terminals in Northwestern Europe (Antwerp, Rotterdam/ Amsterdam) with a focus on hydrocarbons and increasingly on biofuels and sustainable fuels. GES's CEO previously served as CEO and CCO of Vesta Terminals, making it a close functional peer.
- Advario (formerly HES International): Advario operates a global network of liquid bulk and gas storage terminals in Europe, Asia and the US, including storage for chemicals, oil products, gasses and renewable feedstocks. It is a directly comparable mid-sized independent storage operator targeting the same energy-transition customer segment as GES.
- Horizon Terminals: Horizon Terminals is an independent bulk liquid storage and logistics operator focused on Europe and the Black Sea region, providing storage for petroleum products and chemicals. It is a comparable independent terminal operator with a similar size and European footprint to GES.
- IMTT (International-Matex Tank Terminals): IMTT is a US-based independent operator of bulk liquid terminals handling petroleum products, chemicals and renewable feedstocks along major US waterways. It is comparable as another private/independent storage operator serving energy customers including traders, majors and energy-transition players.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
GPS Group social profiles
Digital presenceGPS Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
GPS Group leadership team
Management profileNumber of profiles
Profiles13 records
GPS Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
GPS Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GPS Group M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GPS Group
What does GPS Group do?
GPS Group (operating as Global Energy Storage Group / GES) is an independent energy storage company that develops, owns, and operates energy storage terminals for hydrocarbons, LNG, and low-carbon energy commodities. The company builds a global network of first-class storage assets — including green fuel terminals such as GES Klang in Malaysia — providing storage capacity utilization and terminal logistics services to oil and gas companies, commodity traders, and energy transition players. Backed by Bluewater Energy and White Deer Energy with an investment target of approximately $250 million over five years.
Is GPS Group a public or private company?
GPS Group is a private company. It is classified as private equity controlled and is currently operating.
When was GPS Group founded?
GPS Group was founded in 2016. It employs 11 to 50 people.
Where is GPS Group based?
GPS Group is headquartered in Singapore, Singapore, in the Asia region.
How does GPS Group make money?
One revenue line is on record: terminal Storage Services.
Who are GPS Group's main competitors?
Broad incumbents on record are Royal Vopak, Oiltanking (MISC Group), Puma Energy and Shell (downstream trading and terminals). Direct peers are VTTI, Vesta Terminals, Advario (formerly HES International), Horizon Terminals and IMTT (International-Matex Tank Terminals).
Does GPS Group have an API?
No public API is recorded for GPS Group.
What industry is GPS Group in?
GPS Group's product category is Energy Storage Infrastructure / Fuel Storage Terminal Services. Its primary akta.pro industry code is EUALAEAG, Marine Terminals & Port Storage (Jetties, Docking, Bunkering Interfaces), with a secondary code of EUALAEAC, NGL / LPG Storage & Terminals (Propane, Butane, Ethane, Y-Grade). Its NAICS code is 493110 and its SIC code is 4220.