Two powerhouses in the flywheel and uninterruptable power supply (UPS) markets have merged after Active Power was sold to Piller Group.
The German firm’s purchase, which was announced in September but only finalised recently, comes as it angles itself for a greater share of the critical power market.
German vehicle OEM Daimler is opening an US arm of its energy subsidiary as it looks to break into one of the biggest and most congested energy storage markets in the world.
After founding Mercedes-Benz Energy, based in based in Kamenz/Saxony, Germany, earlier this year.
A European ban on fossil-fuel powered vehicles has gained further momentum after Germany’s Bundesrat voted to ban petrol and diesel powered vehicles by 2030.
Although not binding, the resolution passed by the Bundesrat (the federal council of all 16 German states) calls on the European Commission to evaluate how member states are promoting zero emission vehicles.