Edison completed the sale of its storage division, Edison Stoccaggio, to Snam to focus on renewable energy initiatives and streamline operations.

Target Company Information

Edison, a prominent player in the energy sector, has recently completed the sale of its storage division, Edison Stoccaggio, to Snam. This strategic move is designed to enhance its focus on renewable energy initiatives and streamline its operations towards a more sustainable future. Edison Stoccaggio has been instrumental in providing energy storage solutions, which are increasingly critical in managing renewable energy sources.

The deal marks a pivotal shift for Edison as it transitions towards newer, innovative energy solutions, while continuing to support energy efficiency and sustainability across its operations. The divestment allows Edison to better position itself in the renewable energy landscape, enabling a more concentrated effort on developing and promoting clean energy technologies.

Industry Overview in Italy

The Italian energy sector is undergoing a significant transformation, driven by ambitious targets to reduce carbon emissions and increase the share of renewable energy sources in the national energy mix. As of