WEG has announced the acquisition of the Energy Storage System (ESS) business of Northern Power Systems (NPS), a company that designs, develops and manufactures energy storage systems in Barre, Vermont, USA.
Under the agreement, WEG will become the sole owner of NPS’s energy storage assets, including the portfolio of ESS patents, know-how and related materials, including all drawings, projects, specifications and software used in the design and maintenance of battery energy storage systems. Also, WEG will maintain NPS´s commercial team and the engineering team that focused on the research and development and of this ESS business.
WEG and NPS entered into a technology partnership in 2013 to successfully introduce permanent magnet direct drive wind turbine solutions in Brazil. In 2016, WEG acquired the NPS utility scale wind turbine business and expanded its portfolio.
Now, according to Mr. Manfred Peter Johann, WEG Automation Managing Director, it is time to move forward in this growing battery energy storage market. “It is a market with many growth opportunities for WEG and will bring even more synergies to our renewable energy solutions, such as wind and solar and also electric traction”, explains.
Source: Company Press Release