PRISMATIC LIFEPO4 BATTERY MARKET ANALYSIS
Key Developments
Companies are undertaking various mergers & acquisitions in order to expand their business and global presence. For instance, in June 2016, AllCell Technologies and Energy Management Technologies (EMTech) entered into partnership in order to assemble lithium-ion battery packs and develop advanced battery management system (BMS).
In June 2017, Epec Engineered Technologies, a leading company in build to print electronics located outside of Boston, MA, announced the acquisition of Putnam RF Filters, Inc., high reliability custom radio frequency (RF) manufacturer.
In December 2017, a new project called, Hywind Scotland, aims to construct a complete floating wind farm off the coast of Scotland. The wind turbines will float on the water and 1.3MWh lithium-ion batteries back will sit on the coast. These projects are likely to boost the demand for lithium-ion batteries in coming years.
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