Alternus Clean Energy, Inc. announced on December 12, 2024, the completion of its acquisition of LiiON, LLC, a U.S.-based leader in advanced energy storage solutions. The acquisition was finalized through an asset purchase agreement with one of Alternus's U.S. subsidiaries.
LiiON's customer contracts, service agreements, and partnerships have been acquired, and its intellectual property will be exclusively licensed to Alternus. This completion is a critical step in Alternus's strategy to become a more comprehensive energy provider, encompassing utility-scale solar, clean energy microgrids, and other clean technologies.
The integration of LiiON's state-of-the-art battery technologies and engineering capabilities is expected to enhance Alternus's market reach and customer offerings. LiiON's existing blue-chip clients, including Amazon, Walmart, and NASA, will contribute to Alternus's new Battery Energy Storage Systems (BESS) division and microgrid market segment.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.