Shell has sold sonnen, the residential battery storage company it acquired in 2019, as the oil & gas major focuses its attention on “portfolio high-grading efforts.”
US lithium-sulphur battery company Lyten is aiming to acquire another of Europe’s failed homegrown battery startups, Norway’s Morrow Batteries, which went into bankruptcy earlier this year.
Activity in Italy’s grid-scale market is accelerating, with Sonnedix and the Strioga Family Foundation acquiring projects totalling over 1GWh combined, while BNZ and RWE have ordered BESS from Sungrow and LONGi respectively totalling 540MWh.
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.
