WEG, a Brazilian electrical equipment maker and the country’s only domestic wind turbine OEM, has acquired the storage business of US renewables firm Northern Power Systems (NPS).
The transaction involved a full takeover of Energy Storage System (ESS), an NPS-owned developer and manufacturer of storage systems based in Vermont.
“This is a market with many growth opportunities for WEG, and will bring even greater synergy with the renewables solutions that we already offer such as wind and solar and electric traction,” says Manfred Peter Johann, head of automation for WEG.
