Stena Metall Group divests BatteryLoop

Stena Metall has signed an agreement with Repono to sell 100 percent of the shares in BatteryLoop.

BatteryLoop is focusing on enabling society to take the next step towards net-zero by providing energy storage solutions, products and services to its customers. The BatteryLoop solutions meets the growing demand for mobile energy storage systems.

Repono is a newly established company supporting the energy transition to reach the environmental targets in Europe toward net-zero by owning and operating large scale battery storage.

The divestment has no significant financial impact on Stena Metall. It is expected to be finalized before year-end 2023.