Energy utility Evergy has exited US-based energy storage system developer Go Electric in an acquisition of undisclosed size by battery technology producer Saft Batteries.
Founded in 2011, Go Electric provides energy storage systems that supply back-up power to facilities such as data centres, hospitals, manufacturing plants, petrol stations or military bases in the event of a power outage.
The company also supplies systems that help utilities control the energy input from distributed energy resources such as solar panels and wind turbines.
Hervé Amossé, Saft’s executive vice president of transportation, telecommunications and grid, said: “With this Go Electric acquisition, we are expanding our technology portfolio for distributed renewable solutions and reinforcing our footprint in North America.”
Evergy Ventures, the corporate venturing subsidiary of Evergy previously known as GXP Investments, led a $4m series A round for Go Electric in 2014 that included Elevate Ventures and Clean Energy Trust. The company secured an additional $4m from Windsail Capital Group in July 2018.