Pacific Green has announced the purchase of Innoergy and says it is actively seeking other complementary technologies to add to its Cleantech portfolio.
Innoergy’s clients include Osaka Gas Co. Ltd, in Japan, and Limejump Limited, a subsidiary of Royal Dutch Shell plc. The company is currently in negotiations to design and develop over 450MW of battery energy storage systems in Europe.
Scott Poulter, PGTK’s Chief Executive commented on the deal: ‘We believe that the battery energy storage system market has tremendous potential for growth as renewable energy continues to gain momentum. The team at Innoergy provide us with the expertise to build our energy storage platform in conjunction with PowerChina, and together we have the manufacturing capacity to rival the global leaders in the market as designers and manufacturers.
James Gratton, co-founder of Innoergy, added: ‘After my time as Head of Engineering at Limejump, we are excited to be part of a new chapter in the development of battery energy storage systems. With the support of Pacific Green and their relationship with PowerChina we believe that we are now in an excellent position to become market leaders in the design and manufacture of battery energy storage systems.’
Poulter also noted that Pacific Green is now ‘targeting specific industries and sectors where its technology enhances the growing industry of Cleantech solutions’.
He continued: ‘As well as having the capability and resources to carry out whole large scale projects, Pacific Green will continue to develop and produce new cutting edge products as we expand into new sectors.’