Germanys Solarwatt GmbH has taken over storage technology start-up e-Wolf.
As part of the move, the Dresden company will establish Solarwatt Innovation, a new technology center at the e-Wolf site in the western German town of Frechen that will build on the companys storage activities. Solarwatt will produce batteries for its Solarwatt MyReserve storage systems at the new location.
The strength of innovation will by a deciding factor in the future storage market, said Solarwatt CEO Detlef Neuhaus, adding that the integration of e-Wolf would ensure that the companys storage systems continued to set technology and price standards in the industry.
E-Wolf boasts a team that includes the battery technology experts behind Formula 1 team Toyota Racings kinetic energy recovery system (KERS) as well as its innovative control and battery management systems.
E-Wolf has worked with Solarwatt since 2014, providing the battery technology for the groups award-winning MyReserve storage systems.
Solarwatt CFO Carsten Bovenschen added that the acquisition of e-Wolf, which will likely be completed by the end of April, would also allow it to reduce the cost of its storage systems over the long term.
Solarwatt expects to complete the acquisition by the end of April. All of e-Wolfs 19 employees will remain onboard.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.