Saft acquired microgrid power control company Go Electric to bolster energy storage offering

Saft battery company

Saft has acquired 100 percent of the shares of Go Electric Inc., a leading US-based developer of distributed energy resiliency solutions for microgrids and commercial and industrial customers. Go Electric’s microgrid power controller technology, combined with energy storage, plays a key role by islanding sites them from the grid should a power outage occur. 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 US 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 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.

— Solar Builder magazine

[source: https://solarbuildermag.com/energy-storage/saft-acquired-microgrid-power-control-company-go-electric-to-bolster-energy-storage-offering/]

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