A subsidiary of the energy trading multinational Vitol has agreed to acquire a majority stake in battery stations used to stabilise the national electricity grid and in a proposed solar farm, less than one year after entering a joint venture to develop an Irish gas-fired power station. All projects are located in Ireland’s midlands and developed by Nigel Reams’s Tullamore, Co Offaly-based firm Lumcloon Energy. Vitol is primarily an oil trading multinational with $505 billion in revenue in 2022. In a notification to the Competition and Consumer Protection Commission this week, VPI Holding, a UK subsidiary of Vitol specialised in…

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