Exide Technologies acquires Li battery tech firm BE-Power

Exide Technologies acquires Li battery tech firm BE-Power

Exide Technologies acquires Li battery tech firm BE-Power 1024 833 Batteries International

March 13, 2024: European lead acid battery manufacturer Exide Technologies said on March 11 it had acquired German lithium battery tech firm BE-Power for an undisclosed sum.

BE-Power, which develops and assembles battery and power modules, was founded in 2004 by Volker Klein.

Klein has more than 30 years of experience in lithium ion technology. BE-Power and its proprietary battery management system and software is now part of Exide’s energy solutions division.

Exide president and CEO Stefan Stübing said the acquisition would propel the company to new heights in providing sustainable and cutting-edge energy storage solutions.

Batteries International reported recently on Exide’s plans to achieve a binding target of a 30% reduction in emissions by 2030.

The company, which already operates three solar power generating facilities across Spain and Portugal and has three battery recycling plants, said it eventually hoped to go beyond 20% by embracing other “environmentally focused initiatives”.