RedT has confirmed it has agreed outline terms for a reverse takeover of fellow vanadium redox flow battery firm Avalon, a move which the firm said would create a “leading player” in the energy storage market.
Following on from our look at some of the takeovers of promising or already-prolific energy storage companies in the last edition of PV Tech Power, here’s an exclusive interview with Convergent Energy + Power CEO Johannes Ritterhausen.
Infrastructure investment firm Energy Capital Partners has acquired prolific ‘mid-range’ energy storage project developer Convergent Energy + Power in a deal worth "several hundred million dollars".
Nasdaq Helsinki-listed power company Wärtsilä’s acquisition of software specialist, system integrator and turnkey energy storage system provider Greensmith has been completed.
Finnish power equipment firm Wärtsilä has immediately followed up its launch of hybrid and standalone energy storage systems with the acquisition of system integrator and software specialist Greensmith Energy Management Systems (Greensmith).