1. LSIS Acquires Parker Hannifin’s Energy Grid Tie Division to Create a New U.S. Based Company, LS Energy Solutions

    LSIS Acquires Parker Hannifin’s Energy Grid Tie Division to Create a New U.S. Based Company, LS Energy Solutions

    CHARLOTTE, N.C.--LSIS, a $2B Korea-based global leader in power, automation and smart energy solutions, announced today the acquisition of the Charlotte-based Energy Grid Tie (EGT) Division of Parker-Hannifin, creating a new U.S.-based company, LS Energy Solutions. Financial terms and details of the transaction are not being disclosed.

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  1. Quotes

    1. With the rapid transformation of the energy landscape, including extensive deployment of renewable power sources and microgrids – the need for flexible and cost-effective Energy Storage Solutions will continue to grow.
    2. We have always been very impressed with what Parker EGT Division has done as a pioneer in energy storage and we are excited to make them part of the LSIS family.
  2. Topics Mentioned

  3. Categories

    1. Electricity Source:

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

      Commercial & Industrial, Military, Residential & Community & Microgrid, 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, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences