Industrial sensor group completes acquisition of battery PCS manufacturer Dynapower

LinkedIn
Twitter
Reddit
Facebook
Email

The sale of Dynapower by private equity firm Pfingsten to industrial sensor manufacturer Sensata Technologies has been completed.

The US power electronics company manufactures power conversion systems (PCS) and other equipment widely used in battery energy storage systems, including the DC-to-DC converters that drive Powin Energy’s grid-scale DC-coupled solutions for solar-plus-storage projects. Dynapower began selling DC converters in 2017, far earlier than most of its competitors.

Other products made by the company since its founding in the 1960s include power transformers, AC-DC inverters, hydrogen electrolysers and fuel cells, specialist equipment for industries, defence and more.

However, in commenting on the sale yesterday Pfingsten senior managing director Jim Norton said the energy storage market had always been the sector the equity company saw most potential in for Dynapower.  

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

As well as supplying components to system integrators and manufacturers of battery energy storage systems (BESS), Dynapower also has its own range of energy storage systems for both utility-scale and behind-the-meter customers.

Pfingsten Partners bought South Burlington, Vermont-headquartered Dynapower at the end of 2012. It agreed a deal to sell the company to Sensata in April. As reported by Energy-Storage.news at the time, the deal valued the power engineering group at US$580 million.

Sensata said then that it expected strong sales for Dynapower equipment to represent more than US$1 billion in revenues from activities related to electrification by 2026.

“Our strategy from the outset was to leverage Dynapower’s technology to build a global leader in the nascent energy storage market,” Pfingsten’s Jim Norton said.

“Since our initial investment, we supported the business with significant investments in engineering, product development, people and systems to successfully position Dynapower as a mission critical supplier to the renewable energy generation, hydrogen and EV charging station markets.”

Pfingsten said the transaction closed on 12 July.

Read Next

Premium
September 30, 2025
We catch up with executives from second life specialist BESS integrator Voltfang and investor Palladio Partners to discuss their recent €250 million (US$293 million) partnership to deploy projects in Germany.
September 30, 2025
According to the Q3 2025 US Energy Storage Monitor from Wood Mackenzie Power & Renewables and the American Clean Power Association (ACP), annual installations will not reach 2025 levels again until 2029.
September 26, 2025
Investment and IPP news from across Europe, with DTEK buying a BESS project in Poland, Ingrid inaugurating one in Sweden and Triodos investing in a German portfolio.
September 24, 2025
A trio of energy storage startups: XL Batteries, Unbound Potential and Fourth Power, have raised financing for emerging flow battery and thermal storage technologies.
September 24, 2025
Two battery storage offtake agreements have been signed in Australia, representing over 2GWh of storage capacity.

Most Popular

Email Newsletter