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Innogy SE

German energy firm buys into energy storage market

Thu, 01/12/2017 - 14:33 -- Paul Crompton
German energy firm buys into energy storage market

Energy company Innogy SE has bought fellow German large-scale lead-acid energy storage system firm Belectric Solar and Battery. 

The two companies signed the relevant share purchase agreement — believed to be in a high double-digit million Euro range— at the end of August, but completion was only announced on January 3.

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