Commenting on the Axpo deal, Russo said: “Our first BESS project in Friuli-Venezia Giulia combines a strategic location, advanced stage of development, and a robust commercial structure.” As renewable energy capacity grows, solutions like battery energy storage systems are essential to ensure grid stability and maximise the value of clean power generation.” Axpo is also building its own projects across Europe, though is a bigger player in providing BESS tolls. Investor Ellomay buys project in northern ItalyInvestor Ellomay Capital has signed a deal to acquire 100% of a ready-to-build (RTB) 51.75MW/207MWh BESS project in northern Italy, from an unnamed developer. It follows acquisitions of large-scale BESS projects in Italy by IPP Sonnedix and family office Strioga Family Foundation last week.