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KKR-backed ContourGlobal acquires energy storage projects in Italy

Published by Global Banking & Finance Review

Posted on July 3, 2025

1 min read

· Last updated: January 23, 2026

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MILAN (Reuters) -ContourGlobal has acquired battery energy storage systems in Italy with a combined power capacity of around 1.6 gigawatt and storage durations of up to eight hours, the energy company

ContourGlobal Expands in Italy with New Energy Storage Acquisitions

MILAN (Reuters) -ContourGlobal has acquired battery energy storage systems in Italy with a combined power capacity of around 1.6 gigawatt and storage durations of up to eight hours, the energy company owned by U.S. investment firm KKR said on Thursday.

WHY IT'S IMPORTANT

The battery projects, once fully developed, will position ContourGlobal for the first Italian auction, scheduled for September, in which the country will buy storage capacity to enhance use of renewable energy.

CONTEXT

Europe's battery storage capacity is expected to grow around five-fold by 2030, bringing with it increasing returns for energy majors, project developers and traders, as the cost of new projects falls.

(Writing by Francesca Landini;Editing by Keith Weir)

Key Takeaways

  • ContourGlobal acquires energy storage systems in Italy.
  • Projects have a combined capacity of 1.6 gigawatts.
  • Storage durations extend up to eight hours.
  • Acquisition positions company for Italian storage auction.
  • Europe's battery storage capacity is rapidly expanding.

Frequently Asked Questions

What did ContourGlobal acquire in Italy?
ContourGlobal has acquired battery energy storage systems in Italy with a combined power capacity of around 1.6 gigawatts.
Why is the acquisition significant?
The battery projects will position ContourGlobal for the first Italian auction in September, aimed at enhancing the use of renewable energy.
What is the expected growth of battery storage capacity in Europe?
Europe's battery storage capacity is expected to grow around five-fold by 2030, providing increasing returns for energy companies.

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