Saft Acquires Go Electric
Saft reports that it has acquired 100% of the shares of Go Electric Inc., a US-based developer of distributed energy resiliency solutions for microgrids as well as commercial and industrial customers.
Go Electric's microgrid power controller technology, combined with energy storage, plays a critical role in enabling customer sites to ‘keep the lights on,' islanding them from the grid in case a power outage occurs. The technology also helps integrate higher levels of distributed renewable energy and reduce energy costs. Go Electric's distributed energy resiliency solution has been deployed in military microgrids and commercial sites across the US and Canada.
Go Electric provides solutions for businesses that have critical power needs, including hospitals and data centers, large downside risks to outages, such as grocery stores and advanced manufacturing, and provide community resilience during emergencies, such as gas stations and pharmacies. The acquired company's primary product, LYNC DR® is said to be the only UPS (uninterruptible power system) that provides secure power, lowers facility energy costs, and seamlessly integrates generators, wind, solar, and batteries.
Saft says that this acquisition is an important step in its strategy to accelerate the growth of its energy storage systems business. With the acquisition, Saft says it can expand its field of expertise from battery design and manufacture to the deployment of integrated turnkey distributed renewable energy storage solutions, connecting customer sites to the grid.
"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 Gas, Renewables & Power at Total.
"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 Inc.
"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, Saft Executive Vice President Transportation, Telecom and Grid.