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

Today in Tel-Aviv, Israel, Ellomay Capital Ltd. revealed that its Luxembourg subsidiary has agreed to purchase a project company owning a 51.75 MW / 207 MWh battery energy storage system in northern Italy. This marks Ellomay's initial venture into the Italian electricity storage market. The project is set for development and is expected to provide significant renewable energy to the region. Ellomay, known for its renewable energy projects across Europe, USA, and Israel, continues to expand its portfolio with this acquisition.