B.Grimm Power Completes Acquisition of Apulia Green Energy Expands Battery Storage Business in Italy
B.Grimm Power Public Company Limited (BGRIM) has officially announced on
27 June 2025 that its subsidiary, RES Company Sicilia S.r.l., has acquired
100% of the shares in Apulia Green Energy 01 S.r.l. an Italian-registered
company, from LT Service S.r.l. for a total value of EUR 10,000. The
acquisition marks a strategic move into Italy’s battery energy storage
market.
Dr. Harald Link, Group President of B.Grimm Power Public Company Limited,
revealed that Apulia Green Energy 01 S.r.l. is currently developing a
Battery Energy Storage System (BESS) project with a total planned capacity
of 218 megawatts, located in southern Italy. In addition, RES Company Si
cilia S.r.l. has partnered with LT Service S.r.l. to establish a new
subsidiary, Cerignola BESS S.r.l., with a registered capital of EUR 10,000
and an equity structure of 51% and 49%, respectively. The new company will
develop another BESS project with a capacity of 378 megawatts, also situated
in southern Italy.
These initiatives mark BGRIM’s first foray into battery energy storage,
forming part of its broader strategy to expand its renewable energy
portfolio and enhance energy resilience. With the Apulia Green Energy 01
S.r.l. acquisition and the establishment of a new subsidiary in the Republic
of Italy, BGRIM now has additional 600 megawatts of energy storage capacity
under development.
This partnership reflects a significant step forward in advancing renewable
energy development, enhancing energy efficiency, and supporting stable and
clean energy in line with BGRIM’s long-term strategy “GreenLeap – Global and
Green” and its corporate vision:
“Empowering the World Compassionately”. BGRIM remains committed to expanding
its customer base and renewable energy partnerships to meet global energy
transition demands. BGRIM targets more than 50% renewable energy in its
portfolio by 2030, with a long-term ambition to achieve Net-Zero Carbon
Emissions by 2050.
