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NEC Establishes World-Class Grid Energy Solutions and Commercial Energy Systems Business, NEC Energy Solutions
|By Business Wire
|May 16, 2014 12:00 AM EDT
NEC Corporation (NEC; TSE: 6701) announced today the completion of the
acquisition of A123 Energy Solutions, the grid energy solutions and
commercial energy systems business of A123 Systems, LLC., from China’s
A123 Energy Solutions will now operate as NEC Energy Solutions, Inc.
(NECES) and will capitalize on its world-class technologies and
deployment record to build safe and reliable energy storage systems for
leading utility companies and power producers throughout the world. As
part of this acquisition, NECES and Wanxiang will create a joint venture
to develop the grid energy storage and commercial systems business in
China. Moreover, NEC will seek to expand new global business through the
creation of next generation energy solutions linked to Information
Communication Technologies (ICT) and energy storage systems.
NEC Energy Solutions will manufacture and continue the launch of
Nanophosphate® ALM Series Lead Acid Replacement Batteries. These
batteries deliver significantly lighter weight, higher power and longer
calendar and cycle life as compared with lead acid for a number of
applications, including telecommunications, data centers, medical and
Going forward, NEC Energy Solutions will help society realize a strong,
stable, and sustainable energy infrastructure through the provision of
intelligent energy solutions to enable greater usage of renewable energy
from wind and solar, support aging grid infrastructure, and improve the
operational efficiency of existing grid assets.
“We are very pleased about the establishment of NEC Energy Solutions,
and with it the full-scale entry into the grid energy storage and
industrial batteries marketplace. We will leverage the strengths of the
NEC Group to enhance our offerings to support the renewable energy
sector, the utility sector, the telecommunications sector, and others,”
said Takemitsu Kunio, Senior Vice President of NEC Corporation. “By
improving energy reliability, sustainability, and security with turn-key
systems integration and best-in-class energy storage technologies, we
will strive to be the leader in smart energy solutions.”
“We are excited to see the momentum building for the installation of
grid storage around the world and for lithium batteries in commercial
applications,” commented Hideki Niwaya, NECES Board Chairman and VP of
NEC Smart Energy Business Unit. “The reaction from each company’s
customers has been very favorable to this complementary combination.”
“With the completion of this acquisition, we are poised to grow and
expand our portfolio of products and services that address the needs for
intelligent energy solutions around the world,” said Bud Collins, CEO of
NEC Energy Solutions.
Based on its Mid-term Management Plan 2015, the NEC Group is working
towards the safety, security, efficiency and equality of society. NEC
aims to develop solutions for a wide range of issues as a company that
creates value through the promotion of its “Solutions for Society” which
provide advanced social infrastructure utilizing ICT.
About NEC Energy Solutions
NEC Energy Solutions, headquartered in Westborough, Massachusetts, USA,
develops and manufactures advanced batteries for electric grid, backup
power and lead-acid replacement applications. As an industry leader in
energy storage system integration focusing on high performance,
efficient, safe and reliable battery systems, NEC Energy Solutions
designs and manufactures advanced battery systems ranging from small
industrial batteries to massive grid-scale energy storage systems. Its
megawatt-scale Grid Storage Solutions have been successfully operated in
commercial revenue service since 2009 around the world, and have to date
reached over 110MW delivered. In commercial and specialty batteries, it
provides energy storage solutions to fit the needs for telecom, IT
backup, datacenter, medical, lead-acid replacement and other industrial
applications. - See more at: www.neces.com
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network
technologies that benefit businesses and people around the world. By
providing a combination of products and solutions that cross utilize the
company’s experience and global resources, NEC’s advanced technologies
meet the complex and ever-changing needs of its customers. NEC brings
more than 100 years of expertise in technological innovation to empower
people, businesses and society. For more information, visit NEC at: http://www.nec.com
NEC is a registered trademark of NEC Corporation. All Rights Reserved.
Other product or service marks mentioned herein are the trademarks of
their respective owners. ©2014 NEC Corporation.
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