SES AI Corporation announced on July 28, 2025, that it has executed a definitive agreement to acquire 100% of Shenzhen UZ Energy Co., Ltd., an energy storage systems (ESS) provider. The purchase price is approximately $25.5 million, subject to an earnout adjustment based on specified financial targets.
This acquisition is expected to close in the third quarter of 2025 and provides SES AI with a critical foothold in the rapidly growing global ESS market, which is valued at over $300 billion. UZ Energy specializes in designing and manufacturing ESS products for commercial and industrial applications, with over 500 MWh deployed safely in more than 60 countries.
CEO Qichao Hu stated that the acquisition launches SES AI into this exciting market, accelerates revenue growth, and strengthens its Molecular Universe platform. The integration of UZ Energy's hardware and real-world data will enhance Molecular Universe's ability to deliver better ESS battery materials and health monitoring systems by providing data to train its AI models.
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