1. Wärtsilä Takes Over U.S. Storage Specialist Greensmith

    Wärtsilä Takes Over U.S. Storage Specialist Greensmith

    Finnish provider of energy solutions Wärtsilä has signed an agreement to acquire Greensmith Energy Management for an undisclosed sum. According to a company announcement, the acquisition of the U.S.-based provider of intelligent energy storage technology and solutions will enable Wärtsilä to expand its business in energy storage and to position itself on the global energy system integration market. The transaction is yet to be confirmed by U.S. regulatory approvals/authorities, but rumours have been circulating for months. It follows a recent trend of large firms taking over small but growing energy storage companies.

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