Storm

Name

Storm

Legal name

Storm Management NV

Website

https://storm.be

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Infrastructure

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114), Electric Power Generation, Transmission and Distribution (2211), Power and Communication Line and Related Structures Construction (237130)

SIC

Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Onshore Wind Power Generation (Utility-Scale) (EUACAFAA)

akta.pro secondary industries

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA), Wind Farm EPC & Balance of Plant Construction (Civil, Electrical, Substations) (EUAMACAF)

Keywords

• Onshore wind energy
• Battery energy storage
• EV fast charging
• Agrivoltaic solar farms
• Community energy investing

Headquarters

HQ city

Antwerp

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. Wind Farm Electricity Generation: Storm develops, constructs, and operates wind farms across Belgium, generating revenue from selling electricity produced by wind turbines to the grid
2. Battery Energy Storage Services: Large-scale battery parks provide grid balancing and energy storage services, storing electricity during low-demand periods and supplying during peak demand to maintain grid stability
3. Fast-Charging Station Network: Storm develops and constructs fast-charging stations while Q8 operates them under leasehold agreements. Storm benefits from land lease payments and grid connection fees while Q8 handles day-to-day operations and customer charging revenue
4. Solar Farm Electricity Generation: Storm develops agrisolar farms combining agriculture with solar energy production, generating revenue from electricity sales while providing farmers additional income streams over 20-30 year project lifespans
5. Cooperative Share Investments: Storm CV sells shares (€125 per share, 1-24 shares per family member) to local residents near wind farms, providing patient capital for project development and returning 4-6% annual dividends to co-op members

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Storm develops, constructs, and operates renewable energy infrastructure in Belgium, including onshore wind farms (60+ turbines), large-scale lithium-ion battery energy storage systems (BESS) using Tesla units, agrivoltaic solar farms, and EV fast-charging stations built in partnership with Q8. The company also runs the Storm CV cooperative, which allows local residents near wind farms to invest in projects and receive annual dividends.

Product overview

Storm is a Belgian developer and operator of renewable energy projects offering four core product lines: wind farms (onshore), battery energy storage systems (BESS), solar farms (agrivoltaic), and EV fast-charging stations. The company operates a public participation model through Storm CV co-operative, allowing local residents near wind farms to invest. Storm expanded into energy storage with large-scale BESS projects (Ruien, Langerlo, Zeebrugge) featuring Tesla battery units, and partnered with Q8 to build up to 200 full-service EV charging stations across Belgium. Additionally, Storm launched the Storm Fund in partnership with the King Baudouin Foundation to support local sustainability initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Wind Farms Onshore wind farms developed and operated by Storm across Belgium, with 60+ turbines supplying renewable electricity to the grid. Local residents can co-invest as Storm CV members and earn annual dividends.
• Battery Parks Large-scale lithium-ion battery energy storage systems (BESS) providing grid balancing and energy storage services, storing electricity during low-demand periods and supplying it during peak demand to maintain grid stability. Projects include Ruien (200MW/800MWh), Langerlo (100MW/400MWh), and Zeebrugge (100MW/400MWh) using Tesla BESS units.
• Fast-Charging Stations Full-service electric vehicle fast-charging stations developed by Storm and operated by Q8 under the Q8 electric brand via long-term leasehold. Up to 200 locations planned across Belgium, each with 6–16 charging points offering up to 400 kW ultra-fast charging, with select sites including shops, restaurants (McDonald's), and coffee service.
• Solar Farms (Agrivoltaic) Large-scale ground-mounted agrivoltaic (agrisolar) solar farms that combine agricultural activities with solar energy production on farmland. Maximum ground coverage is limited to ~40% to preserve soil fertility and vegetation growth, and farmers receive fixed annual lease fees over 20–30 year project lifespans.
• Storm CV (Cooperative Public Participation) Cooperative society enabling local residents near Storm wind farms to invest in renewable energy projects and become shareholders. Members receive annual dividends of 4–6% and participate in returns from sustainable energy projects. As of 2025, Storm CV has 3,846 co-operators who have collectively invested €10,415,375.

Quantifiable outcome

• 3,000 households powered annually per wind farm (Zoersel example)
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core, flagship and minor.

• TeslacoreTechnology or Integration · 25 March 2026Tesla is supplying and installing lithium-ion battery energy storage systems (BESS) for Storm's Ruien (200MW/800MWh) and Langerlo (100MW/400MWh) battery park projects in Belgium. Tesla's BESS units are a core component of Storm's entry into energy storage, with commissioning targeted for 2027.
• CLEF CooperativecoreStrategic or Co-development Partner · 7 November 2025Storm and CLEF cooperative partnered to develop the Mourcourt wind farm with three wind turbines. Financial close occurred November 2024, with construction starting 2025 and commissioning expected March 2027.
• King Baudouin FoundationcoreStrategic or Co-development Partner · 15 September 2025King Baudouin Foundation manages the Storm Fund, a €100,000 annual grant program supporting 11 sustainable local projects near Storm wind farms and battery parks in areas of energy, mobility, and biodiversity.
• Q8flagshipChannel Partner/ Reseller/ Distributor · 15 January 2024Storm and Q8 partnership to build up to 200 full-service fast-charging stations across Belgium. Q8 operates stations under Q8 electric brand through long-term leasehold agreements with Storm, who oversees development and construction. Investment of up to €250 million.
• McDonald's BelgiumcoreChannel Partner/ Reseller/ Distributor · 15 January 2024McDonald's Belgium operates quick-service restaurants at select Storm/Q8 fast-charging stations, providing dining options for EV drivers. First location opened in Heusden-Zolder. McDonald's uses 100% green energy and targets 36% CO2 reduction by 2030.
• NatuurpuntminorStrategic or Co-development Partner · 28 February 2022Natuurpunt organized tree planting campaigns at Storm wind farms, with 500 trees planted near Zoersel wind farm by Storm co-op members, volunteers, and employees, absorbing 12 tonnes of CO2 annually.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Boralex: Boralex is a Canadian-headquartered renewable energy developer with European operations including wind, solar, and storage assets in France and the UK. Comparable as a mid-cap multi-technology renewable developer with similar development-driven business model.
• Aspiravi: Aspiravi is a leading Belgian wind energy developer with a cooperative ownership model for local residents, directly comparable to Storm's Storm CV structure. Both companies focus on onshore wind in Belgium and use community co-investment to build social license for projects.
• Eolus Vind: Eolus Vind is a Swedish wind energy developer with operations across Northern Europe and North America. Comparable as a project-development-focused wind/solar developer that develops, finances, and sells renewable projects.
• Allego: Allego is a European public EV fast-charging network operator with hundreds of charging sites across Belgium, Netherlands, Germany, and France. Directly comparable for Storm's fast-charging station business line, though Allego focuses exclusively on charging while Storm bundles charging with generation.
• European Energy: European Energy is a Danish renewable energy developer active in wind, solar, and Power-to-X across Europe. Comparable as a multi-technology European renewable developer with project development, EPC, and ownership business lines.
• Luminus: Luminus is one of the largest Belgian energy companies with significant wind, solar, and flexible generation assets. Comparable as a Belgian renewable operator with multi-technology exposure and a focus on the energy transition, though Luminus is larger and gas/nuclear-influenced.
• Eneco: Eneco is a major Dutch/Belgian renewable energy developer and supplier with significant wind, solar, and heat assets in the Benelux region. Comparable multi-technology renewable platform serving similar low-carbon-transition customer base, though at much larger scale.

Broad incumbents

• Engie: Engie is one of Europe's largest utilities with extensive renewable generation (wind, solar) and battery storage operations in Belgium and globally. Comparable as a broad incumbent in the same Belgian energy market, though Engie also has gas, nuclear, and large-scale infrastructure.
• RWE Renewables: RWE is a major European utility with large-scale wind, solar, and battery storage operations. Comparable broad incumbent in European renewable energy generation, though RWE operates at much larger scale and has significant offshore wind exposure.

Others

• Tesla Energy: Tesla Energy is Storm's BESS technology supplier for the Ruien and Langerlo battery parks. Comparable as an ecosystem participant - while not a direct competitor, Tesla's Megapack technology and energy storage business is the platform on which Storm's battery strategy is built.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/stormwindenergy
• LinkedInlinkedin.com/company/storm-windenergy
• Instagraminstagram.com/stormwindenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Storm