WEG acquires Northern Power Systems' energy storage business
WEG S.A. 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.
Upon this acquisition, WEG will become the sole owner of NPS’s energy storage assets, including the portfolio of ESS patents, know-how and related materials, such as all drawings, projects, specifications and software used in the design and maintenance of battery energy storage systems. In addition to that, WEG will maintain NPS´s commercial and engineering teams who are dedicated to research and development for 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.
Country updates
-
-
February 12, 2019
Macquarie completes acquisition of Wheelabrator Technologies Inc.
Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies Inc. (Wheelabrator) has announced that it has completed the purchase of Wheelabrator from funds managed by Energy Capital Partners...
Read more -
February 12, 2019
Macquarie completes Wheelabrator purchase
Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies Inc. announced today that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator from funds mana...
Read more -
February 12, 2019
Clear Creek Midstream closes US$300 million equity commitment from EnCap Flatrock Midstream
Clear Creek Midstream, LLC has announced an initial venture capital commitment of US$300 million from EnCap Flatrock Midstream.
Read more -
February 12, 2019
Altius invests US$30 million to gain future royalties on Tri Global Energy's wind projects
Altius Minerals Corporation has announced that its recently formed subsidiary, Altius Renewable Royalties Corp. (ARR), has entered into a transaction with Tri Global Energy, LLC (TGE), to gain future...
Read more -
February 12, 2019
Tri-State, EDP Renewables seal 104-MW wind PPA in Colorado
Tri-State Generation and Transmission Association (Tri-State) and EDP Renewables (EDPR) announce a 104 MW 15-PPA that will enable the continued development and eventual construction of the 104 MW Cros...
Read more
