Russia’s state-owned nuclear power company Rosatom continues to diversify, as one of the group’s subsidiaries has acquired a major stake in a South Korean manufacturer of energy storage products.
RENERA LLC, which is Rosatom’s integrator company for the energy storage business, and also a subsidiary of TVEL Fuel Company of Rosatom, on March 5 announced it has finalized the deal to acquire a 49% share of Enertech International. Enertech makes electrodes, lithium-ion storage cells, and energy storage systems.
