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Lockheed Martin buys Sun Catalytix assets

Thu, 08/28/2014 - 09:22 -- Laura Varriale
Sun Catalytix's flow battery for grid storage

US aerospace firm Lockheed Martin has acquired assets from flow battery energy storage firm Sun Catalytix.

Sun Catalytix, an MIT spinout startup, will become a wholly-owned subsidiary and operate under the name of Lockheed Martin Advanced Energy Storage in the future. 25 employees along with patents and the company’s business plan will become part of Lockheed Martin. The financial terms of the acquisition were not disclosed.

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