1. NEC Snaps Up Grid-Scale Battery Business

    NEC Snaps Up Grid-Scale Battery Business

    Japanese technology company NEC has bought A123 Energy Storage for $100 million from its parent company, Wanxiang Group of China. NEC initially made a play for the now-bankrupt grid-scale, lithium-ion battery company in 2013, but was in the end gazumped by Wanxiang, which snapped up the company for $251 million. This week's announcement by NEC represents a victory of sorts for the company, and marks a giant and deliberate step into the battery storage market.

    Read Full Article
  1. Topics Mentioned

  2. Authors

  3. Categories

    1. Electricity Source:

      Fossil Fuels, Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Market forces, Microgrid & Community, Military, Residential, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences