BW ESS to acquire the remaining stake in Penso Power.

BW ESS, a global energy storage owner-operator, agreed to acquire the remaining stake in Penso Power, a large-scale battery energy storage projects developer and operator. Financial terms were not disclosed. "The combination of Penso's pioneering development and engineering expertise with our global corporate platform creates substantial synergies and is a natural next step that readies us for continued growth and investment in a rapidly evolving global energy storage landscape," Erik Strømsø, BW ESS CEO.