EnergyWatch

Finnish industry giant buys into energy storage

The market for energy storage continues its consolidation wave with the major Finnish acquisition of a Californian growth success.

Energy storage is the new black in the energy business – depicted is an experiment from German Schneider Electric | Photo: Schneider Electric

Which companies will emerge victorious in the battle to develop the smartest energy storage solutions? This question is on the minds of many in the renewable energy business, and now one of Finland's oldest and most respected manufacturers is joining the battle.

Finnish Wärtsilä has taken over the small-scale company Greensmith based in Virginia, US. The company only employs 40 people and although this may seem like a minor event for Wärtsilä, which employs 18,000 and has revenue of EUR 4.8 billion, the acquisition did draw attention in both Finnish and international press.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Ørsted makes group changes again

The Danish power company shakes up its organization once again, now parting ways with offshore wind chief of many years, while also moving other profiles up the corporate ladder.

Further reading

Related articles

Latest News

See all jobs