Wärtsilä Spins Off Storage Business Into New Joint Venture Valo
Finnish technology group Wärtsilä has transferred its global energy storage division to Valo, a 50/50 joint venture with German engineering firm RCT Solutions.
Wärtsilä has handed its energy storage business to a newly formed joint venture called Valo, created in equal partnership with RCT Solutions of Konstanz, Germany. The transfer took effect on 1 October...