Wärtsilä spinning out its energy storage activities and divesting a 50% stake this week reflects difficulties in making the business profitable and synergistic within the wider group activities, analysts said.
Virginia’s biggest standalone BESS comes online, Cypress Creek raises funding for a gigawatt-scale hybrid resource, and Kore Power’s mobile solutions subsidiary is sold, in this edition of news in brief.
After a quiet period, M&A in the UK’s large-scale BESS market has picked up with transactions from CIP, Fidra Energy, Elements Green, Gresham House and Eelpower in the past fortnight.
The attractiveness of the BESS market for M&A and investment, amidst a slowdown in activity, was discussed on a panel at the Energy Storage Summit 2026 in London.
Another busy week of BESS news from across Europe, with investors and owner-operators ABO, Field, Aspiravi, Prime Capital, Latvenergo, Sonnedix and Amarenco progressing large-scale projects across Europe.
Allianz GI, Luxcara and Return have acquired BESS projects and portfolios in Germany, Finland and Spain; Low Carbon, OX2, Cero Generation and Revera have taken FIDs on projects in Poland, Finland and the UK; and NHOA Energy has received a 600MWh order in Italy. All in all, the projects total at least 3.7GWh of capacity.
Panellists discussed M&A in large-scale BESS on the ‘M&A Market: How Attractive Is BESS Right Now?’ panel discussion at the Energy Storage Summit 2026.
