Energy Storage: major acquisitions
26/10/2020
Diego Gutiérrez
Energy Storage: major acquisitions

The Energy Storage market is still a young market that many countries are entering and growing very fast. Baker Tilly analyses which are the main ones acquisitions and purchase of companies in the sector.  

But before analysing the acquisitions leaders in the sector, let's explain what Energy Storage is. Energy Storage comprises mankind's methods of conserving, as far as possible, a certain amount of energy in any form. Its purpose is to use it when required, concentrating and releasing energy that can be consumed during or after the storage process. 

Energy Storage Market

Energy Storage

1. Engie and Green Charge Networks 

Engie offers a wide range of energy efficiency solutions, flexibility of electrical or renewable energy solutions. It adapts to the needs of its industrial and commercial customers seeking to optimise their energy consumption and associated costs. Recently, the Group has invested in several energy management solutions, including, in February 2015, Tendril. It is a company that develops energy service management solutions through an open software platform in the cloud. In early 2016, it acquired OpTerra, a company that supports thousands of customers in controlling their energy consumption by offering a suite of services and recently. Engie has acquired the 80% from Green Charge Networks, a California-based US company that is a leader in the storage battery market.  

Green Charge Networks uses its proprietary analysis systems and software algorithms to develop, operate and optimise battery systems for its customers in the commercial and industrial sectors. It develops a portfolio of 48 MWh storage projects, implemented or under construction in more than 150 locations. 

2. Calnetix Technologies and Vycon  

Calnetix Technologies is a developer and manufacturer of high-speed permanent magnet motor generators, power electronics and magnetic bearings for a variety of applications and industries.  

The company Vycondesigns and manufactures energy storage systems, working with original equipment manufacturers to expand the reach of its flywheel products and identify new applications for its technology. 

Calnetix Technologies has acquired Vycon, as it has for years demanded clean and reliable energy recycling and storage solutions in a wide range of markets, including mission critical backup, transportation, general industry, microgrids and others from Vycon. In addition, Vycon's business model will help ensure an even greater level of collaboration with its OEM distribution partners, leading to increased market adoption.  

Lastest news

Latest transactions in the Consumer Software sector

El sector del Consumer software ha experimentado recientemente una dinámica oleada de adquisiciones que pone de relieve su evolución hacia la mejora de la participación de los usuarios y la ampliación de los servicios digitales. Entre las operaciones más destacadas...

Latest transactions in the Industrial Tech sector

El sector de la tecnología industrial ha sido testigo de una oleada de transacciones estratégicas en los últimos meses, señal de una rápida evolución y expansión. Entre las operaciones más destacadas, Bosch Energy and Building Solutions adquirió DMS Ettlingen para...

Do you want to sell or buy a company?

We are experts in M&A transactions in the technology sector.

Subscribe to our newsletter

Request for information

If you want to buy or sell a company, or need more information about our services, do not hesitate to contact us through the form.

Or if you prefer, call us at:

+34 946 42 41 42