Wärtsilä Completes JV Deal for Energy Storage Business

05:04 AM EDT, 10/01/2026 (MT Newswires) -- Wärtsilä (WRT1V.HE) completed a joint venture transaction for its energy storage business with German engineering company RCT Solutions, according to a Thursday release. The companies each own a 50% interest in the Valo joint venture, which is expected to book an operating loss in 2026 and positive results toward the end of 2027. The transaction, announced June 15, represents under 5% of the marine and energy industry technology company's total net assets.