Greece's Sunlight forms Italian battery storage joint venture with BMG Energy

by John Shepherd
From left: Lampros Bisalas, Davide Pesce and BMG Energy CEOs Wilhelm Menghin, Flavio Scaramuzza. Photo: Sunlight
Greek battery manufacturer Sunlight is launching a majority-owned, joint venture energy storage business in Italy, to sell both lead-acid and lithium-ion battery systems.

Sunlight will own 78% of the new Sunlight Italy business, with the remaining shares owned by partner BMG Energy.

Sunlight has appointed former Enersys and Exide executive Davide Pesce as CEO of the business and its Italian operations.

Sunlight group CEO Lampros Bisalas said: "We see Italy as a strategically significant market and value the long market experience of our partners.”

Market presence

"We believe this move will increase our footprint in the region, help us enrich our product and services portfolio offering and meet the needs of our customers in the Italian market.”

Sunlight has been expanding its market presence by offering a range of lead-acid and lithium-ion batteries for the industrial, renewables, e-transport and marine sectors.

The company set up its Sunlight European Battery Assembly business in the Italian city of Verona in 2018 – providing Western European original equipment manufacturers with complete batteries.

Last year, Sunlight entered the US market to establish a subsidiary and assembly hub for industrial lead-acid and lithium-ion batteries in North Carolina.

Earlier this month, Sunlight announced a Greek government-backed project to invest €105m (£95m) in developing a new R&D; centre in Athens "to produce innovative lithium elements with a low environmental footprint”.