Announced minority growth-equity investment · Climate tech

Return announces EUR300 million growth-equity investment for ABP

APG acts on behalf of the Dutch pension fund in the minority investment announced in October 2025.

Return announced a EUR300 million minority growth-equity investment on October 17, 2025. Pension investor APG acts on behalf of pension fund ABP. The company said the transaction had been signed and remained subject to regulatory approval, with closing expected by the end of 2025.

The capital is intended to expand Return’s European battery storage platform. The Amsterdam company develops storage infrastructure and energy flexibility services that help electricity customers balance portfolios and manage renewable generation. The investment supports its storage network across European markets.

Use of funds

European battery storage platform expansion

Funding history

Announced minority growth-equity investment · This round€300M

Sources

  1. Return announces EUR300m growth equity from APG on behalf of ABPreturn.energy · Oct 17, 2025