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.
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