SolarEdge to acquire battery manufacturer Kokam

By John Parnell
LinkedIn
Twitter
Reddit
Facebook
Email
A Kokam battery install in Australia. Source: Kokam.

Smart energy and inverter company SolarEdge will acquire the South Korean battery manufacturer Kokam.

SolarEdge has initially taken a 75% share for US$88 million with the intention of purchasing the remaining shares in the future.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • 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

“The acquisition of Kokam will enable us to grow our offering, adding already proven battery storage to our product portfolio,” said Guy Sella, CEO, chairman and founder, SolarEdge. “Our technological innovation combined with Kokam’s world-class team and renowned battery storage solutions, will enable seamless integration with our current solutions, taking us a further step toward making solar installations smarter and more beneficial.”

Kokam produces lithium-ion batteries for a variety of applications including aerospace, electric vehicles and energy storage systems. It claims to have more than 700MWh of deployments in the field. As well as serving as system integrator to some of its battery storage projects and delivering turnkey systems, the company has a range of batteries that include high power nickel manganese cobalt (NMC) lithium batteries. In May this year Energy-Storage.news reported that the company delivered NMC batteries to a mining operation, where they will help increase the efficiency of gas turbines. While the high power batteries come at a higher capex than other grid batteries, Kokam claimed that there is less need to oversize systems, which could lower the overall cost of ownership. 

Kokam has recently also been pushing its uninterruptible power supply (UPS) business to the data centre sector. In May SolarEdge purchased the UPS provider Gamatronic.

Read Next

July 2, 2025
Developer Atmos Renewables has successfully achieved financial close on its 400MWh Merredin battery energy storage system (BESS) in Western Australia.
July 1, 2025
Battery energy storage system (BESS) developer Giga Storage has acquired a 350MW/1,400MWh BESS asset in Germany, marking an expansion into the broader European energy storage market.
July 1, 2025
Alinta Energy has approved the development of the first stage of its Reeves Plains Energy Hub BESS in South Australia.
June 30, 2025
Globeleq and African Rainbow Energy have reached commercial close on the 612MWh Red Sands BESS in South Africa.
June 27, 2025
ACE Power has seen a battery energy storage system (BESS) of up to 8,000MWh in New South Wales, Australia, cleared through the EPBC Act.

Most Popular

Email Newsletter