China BAK Battery, Inc. announced that the company’s wholly-owned subsidiary, BAK International (Tianjin) Ltd. , received a subsidy of approximately $7.5 million for its automated high power lithium battery project from the National Development and Reform Commission (NDRC) and Ministry of Industry and Information Technology (MIIT). The company’s automated high power lithium battery project was […]
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Raritan Intelligent Power Technologies Interoperate with Cisco EnergyWise Platform
Raritan announced that its intelligent device-level power management solutions are interoperable with Cisco® EnergyWise client technology. Through this interoperable solution, customers can gain a more comprehensive, complete picture of power consumption within the data center rack space. Raritan’s PX line of intelligent power distribution units (PDU) provides valuable power usage insights on individual servers and […]
Unipower Completes Acquisition of Technipower & Deltron
Unipower LLC announced the acquisition of Technipower and Deltron, two established and respected names in the Power Supply Industry. Unipower says these acquisitions double the sales volume of UNIPOWER and allow for its entry into new and growing markets. The combination of the three companies improves the strategic position of UNIPOWER going forward by expanding […]
GE Demonstrates Electric Bus of the Future
The hybrid systems research team at GE Global Research, the company’s central technology development arm, announced a significant breakthrough that could help accelerate the electrification of bus fleets, delivery trucks and other larger, heavy-duty vehicle fleets. The GE team successfully demonstrated a dual battery system on a zero tailpipe emissions hybrid transit bus that pairs […]
Duke Energy and ITOCHU to Develop Strategies for Reusing Electric Vehicle Batteries
Duke Energy and Tokyo-based ITOCHU Corp. signed an agreement to collaborate on advanced energy technologies, starting with the evaluation and testing of second-life applications for electric vehicle batteries. According to some auto industry estimates, electric vehicle (EV) batteries that can no longer charge to approximately 80% of their original capacity may be candidates for replacement. […]
Dow Kokam and PVI Partner in Deployment of First Fully Electric Refuse Trucks
Dow Kokam and PVI announced an agreement to supply advanced lithium polymer battery systems to power the first ever fully electric refuse trucks. The electric truck and its battery system, which will be produced and assembled in France, were unveiled recently by PVI and its partner SITA, a subsidiary of Suez Environnement, alongside examples of […]
GE Appliances Creates Home Energy Management Business
GE Appliances & Lighting plans to be the first major appliance company to provide a whole-home solution for energy management by going beyond the kitchen to provide insight into energy usage in the family room, the basement, the home office and all other rooms of the house. From the GeoSpring™ Hybrid Hot Water Heater, Nucleus™ […]
OPOWER Raises $50 Million in Series C Financing
OPOWER, a Smart Grid software company, announced the closing of a $50 million strategic round of financing. The round was co-led by Accel Partners and Kleiner Perkins Caufield & Byers, with participation from New Enterprise Associates (NEA), OPOWER’s largest investor. The investment will support OPOWER’s rapid expansion and accelerate its product development efforts in order […]
ABB to Acquire Baldor Electric Company
ABB and Baldor Electric Company have agreed that ABB will acquire Baldor in an all-cash transaction valued at approximately $4.2 billion, including $1.1 billion of net debt. Under the terms of the definitive agreement, which has been unanimously approved by both companies’ Boards of Directors, ABB will commence a tender offer to purchase all of […]
Leviton Acquires Integrated Metering Systems
Leviton Manufacturing Company announced the acquisition of Integrated Metering Systems (IMS), a manufacturer of revenue-grade sub-metering solutions. Combined with Leviton’s worldwide distribution and sales channels, the acquisition will enable Leviton to offer its customers the most complete line of lighting energy management solutions. A complementary strategic addition to Leviton’s current line, Leviton can now offer […]