OX2 acquires 200 MW / 800 MWh battery energy storage system portfolio in Italy

Type: Acquisition · Technology: Storage · Country: Italy · Capacity: 200 MW · Announced: 2026-08-10

Swedish renewable energy developer OX2 completed the acquisition of a 200 MW / 800 MWh battery energy storage system (BESS) portfolio in Italy from Centrica Energy. The transaction expands OX2's European storage footprint, supporting grid flexibility and renewable energy integration across the Italian market. Centrica Energy divested the operational assets as part of its strategic shift toward renewable energy development. The portfolio includes multiple BESS facilities designed to provide ancillary services and energy arbitrage. Financial terms were not disclosed, but the deal aligns with OX2's 2026-2030 growth strategy targeting 5 GW of storage capacity in Europe.

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