Saft has acquired 100% of the shares of Go Electric, a U.S.-based developer of distributed energy resiliency solutions for microgrids and C&I customers.
Go Electric’s microgrid power controller technology, combined with energy storage, plays a key role in enabling customer sites to keep power on by islanding them from the grid in case of an outage. The technology also helps to integrate higher levels of distributed renewable energy and reduce energy costs. Go Electric’s solution has been deployed in military microgrids and commercial sites across the U.S. and Canada.
“This acquisition is an important step in Saft’s strategy to accelerate the growth of its energy storage systems business: Saft is now able to expand its scope of expertise from battery design and manufacture to the deployment of integrated turnkey distributed renewable energy storage solutions that connect customer sites to the grid,” said Philippe Sauquet, president of gas, renewables & power at Total, which Saft is a subsidiary of.
“Go Electric can accelerate its growth beyond North America and benefit from Saft’s brand recognition and long-standing experience in providing high quality products in energy storage,” said Lisa Laughner, CEO and co-founder of Go Electric.
“The current evolution in customer requirements is bringing energy storage into a new area of competitiveness and performance. With this Go Electric acquisition, we are expanding our technology portfolio for distributed renewable solutions and reinforcing our footprint in North America,” added Hervé Amossé, executive VP of transportation, telecom and grid at Saft.
News item from Saft