Deals & Partnerships

Bosch, Toyota Join CalCharge Energy Storage Effort

Linda Hardesty

CalCharge, an initiative designed to accelerate breakthrough energy storage technologies, welcomes six new member companies: charter members Bosch and Toyota, along with general members Blue Current, Ensor, EnZinc and ITN Energy Systems. The new members will have access to CalCharge’s programs, services and network, designed to help clear the path to commercialization. CalCharge’s technology acceleration   …Continue Reading


Honeywell Acquires Elster for $5.1B

Linda Hardesty

Honeywell signed an agreement to acquire the Elster Division of Melrose Industries for about $5.1 billion. Elster is a provider of thermal gas systems for commercial, industrial and residential heating systems as well as being a provider of gas, water and electricity meters. Honeywell says during the past decade, it has completed more than 80   …Continue Reading


Business Services Firm Adds Energy Management to its Offerings

Linda Hardesty

Quatrro Business Support Services signed a strategic partnership agreement with GridPoint to target small and medium businesses with energy management. Quatrro will act as a referral partner by offering GridPoint’s energy management system to its customers in the restaurant, retail, automotive, healthcare and hospitality space. With this partnership, Quatrro will be able to offer its   …Continue Reading


Ideal Power, KACO Converge Energy Storage, Solar

Linda Hardesty

KACO new energy, a manufacturer of solar inverters and power conversion systems, will resell Ideal Power‘s products under the KACO label. In addition, KACO will use Ideal Power’s patented Power Packet Switching Architecture (PPSA) to develop its own products and integrated energy storage systems. KACO new energy has more than 8 GW of installed solar   …Continue Reading


Plug Power Acquires Full Control of HyPulsion for $11.47M

Linda Hardesty

Plug Power is purchasing Axane to acquire the remaining 80 percent that it doesn’t own of HyPulsion, its European joint venture, for $11.47 million in Plug Power common stock. Plug Power and Air Liquide, the parent company of Axane, founded HyPulsion in 2012 to advance the hydrogen and fuel cell market in Europe. The original   …Continue Reading


EV Charging Stations with Energy Storage Save City $7,000 per Year in Demand Charges

Linda Hardesty

In 2014, Redwood City, California, installed five electric vehicle charging station locations from ChargePoint combined with energy storage from Green Charge Networks. The installations include two DC Fast Charging stations installed at Redwood Shores library and at the City’s downtown parking garage. The partners say the EV charging stations are heavily used with an average   …Continue Reading


Accenture Acquires Energy Procurement Company

Linda Hardesty

Accenture has agreed to acquire EnergyQuote JHA, a Pan-European energy management and procurement services provider. The acquisition will bolster Accenture’s energy procurement capabilities in Europe and enhance its ability to deliver energy management as-a-service to clients. Terms of the deal were not disclosed, and the acquisition is subject to the satisfaction of customary closing conditions.   …Continue Reading


Schneider Granted $400M Basic Ordering Agreement for Corps of Engineers

Linda Hardesty

Schneider Electric was awarded a $400 million Basic Ordering Agreement (BOA) with the US Army Corps of Engineers wherein Schneider will be able to provide the critical facility infrastructure and systems repairs, improvements and construction as well as equipment procurement and installation needed to improve and assure reliability of the Corp’s electric power and mechanical   …Continue Reading


$36M Helps to Advance Connected Lighting

Linda Hardesty

Sensity Systems, a provider of networked lighting, has closed a private funding round of $36 million led by Cisco Investments and including Acuity Brands, GE Ventures and Simon Venture Group. Sensity has now raised a total of $74 million since its inception. Sensity Systems uses energy-efficient LED lighting as the foundation for a high-speed, sensor-based   …Continue Reading


Bridgelux Spins Off LED Smart-Lighting Business

Linda Hardesty

Bridgelux, a manufacturer of LED lighting technologies, plans to spin off its smart lighting LED platform business under the name of Xenio in conjunction with the sale of Bridgelux to an investment group led by the China Electronics Company. Xenio will focus on the development of software-enabled LED modules for the emerging Internet of Things   …Continue Reading