Lake Orion, Michigan -September 11, 2023 – American Battery Solutions (ABS) announced today the spinout of its Energy Storage Solutions Division to create a new, independent company: American Energy Storage Innovations, Inc. (AESI). This strategic move represents a significant milestone in the evolution of the ABS business and underscores the commitment of ABS to driving innovation within the industry.
The strategic decision to spin out the ESSbusiness will enable both the Mobility and the ESS segments of ABS to targetspecific growth strategies by aligning the investments and resources in the most optimal way to supportcustomer needs recognizing the unique value propositions of each business.
AESI will design, build and sell stationarystorage systems for grid, distributed energy and vehicle charging systems. ABSwill continue providing the leading battery system solutions for commercial & industrial mobility, marine and off-roadsectors, capitalizing on tremendous growth opportunities and executing onlarge supply contracts with leading bus, truck, RV and delivery vehicle customers.
AESI will operate as a fully independent company, enjoyingthe continued support and backing of ABS' long-standing investors, the KCKGroup. With a vision of revolutionizing energy storage, AESI is poised to takecenter stage in the global energy transition and is set to redefine the futureof energy storage technology.
ABS Founder and CEO, Subhash Dhar, said “This transitiondemonstrates achievement of a major milestone through the skills and expertiseof both teams and will help to accelerate the growth of each. ABS and AESI havevery different products and customers, this transition will allow both to focuson their respective markets.”
ABS will be exhibiting their line of low voltage AllianceIntelligent Battery Series ™ and high voltage Proliance Intelligent BatterySeries ™ energy storage systems at The Battery Show 2023 in Novi, Michigan fromSeptember 12 – 14 (Booth #2105).
AboutAmerican Battery Solutions
ABS designs and manufactures modular battery solutions for transportation,industrial and commercial markets primarily in North America and Europe. Theteam at American Battery Solutions Inc. includes some of the most recognizedbattery systems experts in the industry, possessing decades of experience indesigning, developing, and manufacturing high-volume advanced battery systems. Our experts are now applying this experienceto the emerging and rapidly growing transportation segments, concentrating onmodule production, pack assembly, and customer integration.
ABS operates a 120,000sq. ft. technical center in Michigan and a dedicated 170,000 square foot purpose-builtstate of the art battery manufacturing facility in Ohio. It employs more than 165people in Michigan, Ohio, and Massachusetts. Follow ABS on Twitter @ABS_Energyand on LinkedIn.