Otovo and Green Panel Launch Otovo GP JV to Scale Multi Country Energy Services
Norway, March 3 -- Otovo ASA ("Otovo"), a leading home energy service provider, announced it has entered into an MOU with the Israeli energy service group Green Panel, to form Otovo GP, a new 50/50 joint venture established to provide field service, replacement, maintenance, and logistics services for residential and commercial energy systems across Europe. Subject to definitive agreements and satisfaction of closing conditions, it is expected that the joint venture will be established within the first half of 2026.Otovo GP is expected to enter into an agreement in the near term with a large, global original equipment manufacturer (OEM) of batteries, inverters, and other equipment for homes and businesses to support end customers in multipl...
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