NEC Energy Manage

NEC Pays $100M for Grid Energy Storage Business of A123

NEC Energy ManageNEC is purchasing the A123 Energy Solutions business unit of A123 Systems for about $100 million. NEC says the acquisition with strengthen the energy storage capability of its smart energy business and make NEC a leading supplier of lithium-ion grid energy storage systems.

An agreement on the terms of the deal has been finalized and a new company “NEC Energy Solutions” is slated to begin operation in June 2014 under the direction of NEC.

A123’s existing cell manufacturing and sales, research and development, and automotive operations will remain the core focus of A123 Systems.

A123 Energy Solutions has deployed over 110 MW of its Grid Storage Solutions (GSS) worldwide. The company recently announced it had commissioned a 1 MW GSS for IHI Corporation, an industrial equipment manufacturer in Japan.

The New Energy Future - Challenges and Opportunities in Corporate Energy Management
Sponsored By: Edison Energy

  
Packaging LED & Advanced Rooftop Unit Control (ARC) Retrofits for Maximum Performance
Sponsored By: Transformative Wave

  
10 Tactics of Successful Energy Managers
Sponsored By: EnergyCap, Inc.

  
Financing Environmental Resiliency and a Low-Carbon Future with Green Bonds
Sponsored By: NSF International

  

One thought on “NEC Pays $100M for Grid Energy Storage Business of A123

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now