July 2, 2020: GNB Industrial Power, the stored energy division of Exide Technologies, has agreed to provide another five stationary back-up battery banks for the US Navy’s submarines, the company said on June 30.
The deal is part of a five-year contract that GNB has with the Department of Defense for main storage lead-acid battery systems for the US Navy’s fleet of submarines, and continues a series of supplies that go back to 2005.
GNB supplies the navy with its Absolyte VRLA AGM batteries, which are almost maintenance-free and a good fit for submarine applications, the company says.
The Los Angeles (SSN 688)-class submarines are nuclear powered and equipped with a back-up propulsion system that consists of a diesel generator plus batteries to provide emergency electrical power.
On May 21 Exide, which has entered Chapter 11 bankruptcy proceedings for the third and last time in the company’s history, announced the US Bankruptcy Court in Delaware had authorized it to continue paying employees, manufacture and deliver products to customers and pay suppliers for goods and services for the duration of its sale and restructuring process.
It confirmed that the European/Asian side of the business would be split off from the US part and auctioned while the US operations entered bankruptcy.