Energy Storage: major acquisitions

Integral service around a transaction
BY : Diego GutiérrezOctober Mon, 2020

The Energy Storage market is still a young market that many countries are entering and growing very fast. Baker Tilly analyses which are the main acquisitions and purchase of companies in the sector.  

But before we look at the leading acquisitions in the sector, let's explain what Energy Storage is. Energy Storage comprises mankind's methods of conserving, as far as possible, a certain amount of energy in any form. Its purpose is to use it when needed, concentrating and releasing energy that can be consumed during or after the storage process. 

Energy Storage Market

Energy Storage

1. Engie and Green Charge Networks 

Engie offers a wide range of energy efficiency solutions, flexibility of electrical or renewable energy solutions. It adapts to the needs of its industrial and commercial customers seeking to optimise their energy consumption and associated costs. Recently, the Group has invested in several energy management solutions, including, in February 2015, Tendril. It is a company that develops energy service management solutions through an open software platform in the cloud. In early 2016, it acquired OpTerra, a company that supports thousands of customers in controlling their energy consumption by offering a suite of services and recently. Engie has acquired the 80% from Green Charge Networks, a California-based US company that is a leader in the storage battery market.  

Green Charge Networks uses its proprietary analysis systems and software algorithms to develop, operate and optimise battery systems for its customers in the commercial and industrial sectors. It develops a portfolio of 48 MWh storage projects, implemented or under construction in more than 150 locations. 

2. Calnetix Technologies and Vycon  

Calnetix Technologies is a developer and manufacturer of high-speed permanent magnet motor generators, power electronics and magnetic bearings for a variety of applications and industries.  

The company Vycondesigns and manufactures energy storage systems, working with original equipment manufacturers to expand the reach of its flywheel products and identify new applications for its technology. 

Calnetix Technologies has acquired Vycon, as it has for years demanded clean and reliable energy recycling and storage solutions in a wide range of markets, including mission critical backup, transportation, general industry, microgrids and others from Vycon. In addition, Vycon's business model will help ensure an even greater level of collaboration with its OEM distribution partners, leading to increased market adoption.  

The M&A Professionals

Meet our services



Do you want to be up to date?


Our diferentiation

Market Research Technology
Our team of market analysis specialists is continuously analyzing the investments of the most active markets in the industry in order to unceasingly contribute ideas of the current market situation and identify the most relevant trends for senior management. We integrate the most relevant sources of information which allows us to discover the most interesting companies for venture capital and similarly helps us to identify the investors with the highest probability of involvement in an M&A process to ensure the success of our sell-side operations.

The reports and deductions of our advisors provide a broad view of the sector, both geographically and from the complementary or adjacent markets perspective.
Technology Data Analytics
for M&A
Advanced data anlytics is a weapon". Intelfin is an artificial intelligence tool we use for investing and creating value in SMEs through competitive analytics and the enterprise environment.

IntelFin consists of a cognitive system, which, through the application of advanced analytical technologies, facilitates the automation of investment and financing decisions in the field of non-listed companies and especially SMEs in high-growth sectors.

The information related to these companies is characterized by their lack of transparency and heterogeneity; thus, it is necessary to develop an advanced analysis which is as much predictive as prescriptive and is developed in a natural language custom, suitable to obtain greater clarity and knowledge of the investment scope.

The IntelFin system focuses especially on analyzing the variables that define and influence the competitive environment of a sector and the positioning of a company, analyzing their influence on future value creation. Therefore, IntelFin supports strategic decision-making to senior management by resolving questions such as:

¿What are my competitors' priorities, strategies and expansion plans? Who's my competition? Which competitor is most likely to grow at a higher rate?
Which areas of activity/business models will receive the most investment? Which sectors are most attractive to investors?
Which companies are going to experience the most growth in the near future? Which companies are most likely to receive investment or be acquired?
Training Methodology
We have developed training programs in an innovative set-up which guarantees our teams the acquisition of technical competences both in the field of corporate finance and in the field of psychology, that is much needed when it comes to negotiation processes.

We have a culture of continuous improvement of our processes, closely related to the use of information systems that allow the enhancement of internal communication between our teams, as well as external communication with our customers. Hence, we extend best practices identified internally in an efficient and rapid manner among our members.

Are you one of those who prefer to be well informed when making decisions?