{"id":985959,"date":"2026-07-28T16:33:44","date_gmt":"2026-07-28T20:33:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ellomay-enters-the-italian-battery-storage-market-with-the-execution-of-an-agreement-to-acquire-a-51-75-mw-207-mwh-4-hour-project-in-northern-italy\/"},"modified":"2026-07-28T16:33:44","modified_gmt":"2026-07-28T20:33:44","slug":"ellomay-enters-the-italian-battery-storage-market-with-the-execution-of-an-agreement-to-acquire-a-51-75-mw-207-mwh-4-hour-project-in-northern-italy","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ellomay-enters-the-italian-battery-storage-market-with-the-execution-of-an-agreement-to-acquire-a-51-75-mw-207-mwh-4-hour-project-in-northern-italy\/","title":{"rendered":"Ellomay Enters the Italian Battery Storage Market with the Execution of an Agreement to Acquire a 51.75 MW \/ 207 MWh (4-hour) Project in Northern Italy"},"content":{"rendered":"
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Tel-Aviv, Israel, July 28, 2026 (GLOBE NEWSWIRE) — Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (\u201cEllomay\u201d or the \u201cCompany\u201d)<\/b>, a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, announced today that its Luxembourg subsidiary, Ellomay Luxembourg Holdings S.\u00e0 r.l., signed an agreement to acquire 100% of the share capital of a project company holding a ready-to-build 51.75 MW \/ 207 MWh (4-hour) battery energy storage system (\u201cBESS\u201d) located in northern Italy. This is Ellomay\u2019s first battery storage project in Italy, marking Ellomay\u2019s entry into the Italian electricity storage market.<\/p>\n

Completion of the acquisition is subject to the satisfaction of a number of conditions precedent, with a deadline for satisfaction of the conditions set for the end of 2027.<\/p>\n

Ran Fridrich, CEO and Board member of Ellomay, said: \u201cBattery storage is a core growth engine for Ellomay, and we are focusing our efforts in markets where the need for flexibility is growing fastest, primarily Spain and Italy. This project is an important first step in building a storage platform in Italy, alongside our existing renewable portfolio in the country. As renewables take over Italy\u2019s generation mix, the system\u2019s scarcest resource becomes flexibility, and we believe storage is where that value concentrates. This transaction reflects the disciplined, structure-driven approach that has defined Ellomay\u2019s growth, and we intend to pursue additional storage opportunities on the same basis.\u201d<\/p>\n

Maya Shaltiel, Chief Strategy Officer of Ellomay, said: \u201cStorage in Italy earns across several markets at once, including the capacity market, day-ahead and intraday trading, and grid stability services. We examined the project in depth and valued its revenue stacking layer by layer before we signed. We believe this is the right way for Ellomay to enter into the Italian storage market, and are evaluating additional project opportunities in the near term.\u201d<\/p>\n

\n About Ellomay Capital Ltd.<\/b>
\n \n <\/p>\n

Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol \u201cELLO\u201d. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, USA and Israel.<\/p>\n

To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:<\/p>\n