Sweden-based lithium-ion battery firm Alelion Energy Systems has acquired the whole portfolio of Caterva— a German liquidation company specialising in advanced technology for energy storage systems.
Alelion said the deal price amounts to SEK14 million ($1.7m), which corresponds to about 10% of previously invested capital and includes “a patent portfolio related to the optimisation of energy storage”.
Munich-based Caterva “has developed a platform for plugging into and controlling local energy storage, which can be used to optimise the charging and utilisation of, for example, lithium-ion batteries,” Alelion said.
“The technology provides lower energy costs and carbon dioxide emissions and Alelion will introduce the platform for its customers in large-scale industrial applications.”
Alelion CEO Daniel Troedsson (pictured) said the deal can increase the firm’s ability to enter new markets and “create new business opportunities”.
“Industrial trucks that are connected to the power grid are local energy stocks that can be an important part of the creation of more sustainable energy systems,” Troedsson said. “When the trucks are not in use, their batteries can be used to balance supply and demand for energy in the grid, which in the long term can also create brand new business opportunities for both us and our customers.”
Earlier this year, Alelion announced plans to build “Sweden’s first large-scale” lithium batteries plant near Gothenburg with an initial production capacity of 500MWh per year.
BBB reported last week that Sweden could be shaping up to be the nexus of the European Union-Asia battery future.
Chinese private capital firm GSR Capital has unveiled plans to become a key player in European EV battery production with a manufacturing plant in Sweden. Meanwhile, Sweden has been designated as a key player in the EU’s ‘batteries alliance’— through which Europe aims to push back on Asia’s dominance in the battery sector.
