Finland, Oct. 5 -- Technology group Wartsila has today closed the transaction of the joint venture for its Energy Storage business, following the agreement with German engineering company RCT Solutions GmbH announced on 15 June 2026. Under the arrangement, Wartsila and RCT Solutions each hold a 50% ownership stake in the joint venture, called Valo.The joint venture combines Wartsila's global energy storage capabilities with RCT Solutions' engineering expertise and is designed to provide a strong platform for long-term growth in the rapidly evolving energy storage market.Wartsila's Energy Storage business employs approximately 450 people globally, and in 2025, it generated net sales of EUR 694 million. The transaction represents less than 5%...