Ingrid Capacity appoints ex-Statkraft CEO as chairman for battery storage expansion

Ingrid Capacity, a Swedish energy storage firm, has appointed former Statkraft CEO Christian Rynning-Tønnesen as chairman to lead a billion-dollar expansion into large-scale battery storage across Europe. The company has shifted from profit to loss after a strong start, indicating a strategic pivot toward growth. This signals increased investment in European energy storage infrastructure, which is critical for grid stability and renewable integration.