Brazil

Brazil

WEG buys NPS storage business

Brazilian manufacturer WEG has acquired the energy storage business of US firm Northern Power Systems, two years after buying its wind turbine unit.

WEG has acquired NPS energy storage business, two years after acquiring its wind turbine business
WEG has acquired NPS energy storage business, two years after acquiring its wind turbine business

Google Translate

WEG will become the sole owner of the Energy Storage System (ESS) business, including portfolio patents, projects and software, as well as the commercial and engineering team, WEG said.

"It is a market with many growth opportunities for WEG and will bring even more synergies to our renewable energy solutions, such as wind and solar," said WEG Automation managing director Manfred Peter Johann.

Following a three-year technology partnership from 2013, WEG acquired NPS’s wind turbine manufacturing business in late 2016.

In its Q3 report in October, WEG Group — which includes industrial electronic equipment; energy generation and transmission (incorporating the wind business); domestic motors; and paints and varnishes — reported a 32.9% year-on-year increase in net operating revenue.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Windpower Monthly Events


Latest Jobs