Kistos PLC (GB:KIST) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kistos PLC has completed the acquisition of two onshore UK gas storage facilities, Hill Top Farm and Hole House, for £25 million, bolstering its energy portfolio and marking its entry into the gas storage sector. The facilities not only contribute to the UK’s gas storage capacity but also offer potential future repurposing for compressed air or hydrogen storage, aligning with the energy transition trend. Kistos is now focused on maximizing these assets and exploring expansion options for diverse energy storage solutions.
For further insights into GB:KIST stock, check out TipRanks’ Stock Analysis page.
