Applications: Stationary Energy Storage
Page 192 of 768Directory profiles · Battery Business Directory
Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.
Sources and links on page 192 (6)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://www.energy-storage.news/powin-files-for-chapter-11-bankruptcy-protection-and-spins-off-project-services-business/
- https://www.flexgen.com/resources/blog/flexgen-completes-acquisition-powin-assets-expanding-global-leadership-grid-scale
- https://www.energy-storage.news/hitachi-energy-acquires-powin-stake-eks-energy/#:~:text=EKS%20PCS%20units.,a%20year%20later%20in%202023.
- https://via.ritzau.dk/pressemeddelelse/14626999/lyten-completes-acquisition-of-northvolt-bess-manufacturing-facility-in-poland?lang=en&publisherId=90456&utm_source=chatgpt.com
- https://www.energy-storage.news/us-rising-costs-tariffs-overseas-production-behind-closure-of-aesi-li-cycle-files-chapter-15/
- https://www.energy-storage.news/hithiums-hong-kong-ipo-lapses-with-catl-lawsuit-looming/?utm_source=chatgpt.com
Text on page 192
Notable 2025 BESS Mergers, Acquisitions & Bankruptcies
Powin Energy, a DC-block integrator that was one of the pioneers in the U.S. market, filed for Chapter 11 bankruptcy in June. stranding over 11 GWh of deployed projects. Their assets were purchased by Flexgen in August. Hitachi acquired Powin’s 20% stake in PCS manufacturer Eks Energy.
Following the Northvolt bankruptcy, Lyten acquired Northvolt’s BESS manufacturing infrastructure (Europe’s largest), product portfolio, and IP.
AESI Terastor, a US-based BESS integrator, declared bankruptcy in May.
Li-cycle, a leading US battery recycler declared bankruptcy, also in May.
Hithium had filed for IPO in Hong Kong (HKEX) in March 2025, but the application lapsed in September related to a $21m intellectual property lawsuit filed by CATL. HiTHIUM is still private as of the end of 2025.
Extracted from the PDF; charts and images may read imperfectly.
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