Wartsila forms 50/50 energy storage joint venture with Germany’s RCT Solutions

Reuters2026/07/21 06:45

By:Reuters

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Wärtsilä agreed on June 15, 2026 to form a 50/50 joint venture with Germany’s RCT Solutions for its global Energy Storage business.
Closing is expected in Q3 2026, subject to regulatory approvals and arranging a financing package.
Energy Storage was reclassified in Q2 2026 as held for sale and discontinued operations, ending its reporting-segment status.
From closing, the venture will be reported under Other Business Activities as share of result in associated companies.
Depending on closing timing, the full-year 2026 operating result impact is expected at EUR -40 million to -50 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wärtsilä Oyj published the original content used to generate this news brief on July 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Wartsila forms 50/50 energy storage joint venture with Germany’s RCT Solutions

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