AI from SES expedites growth in revenue and profitability by acquiring UZ Energy, a manufacturer of energy storage systems.
SES AI Corporation, a U.S.-headquartered energy storage systems (ESS) provider, is set to expand its presence in the global ESS market with the acquisition of UZ Energy, a Shenzhen-based ESS provider, for approximately $25.5 million[1][2][3]. The deal, expected to close in Q3 2025[1][2][3], is subject to customary closing conditions.
UZ Energy specializes in designing and manufacturing ESS products for commercial and industrial applications, boasting over 500 MWh of ESS safely deployed across more than 60 countries without safety incidents[1][2][3]. This acquisition will integrate UZ Energy's hardware, real-world data, marketing, and sales channels into SES AI's Molecular Universe platform[1][2][3].
The acquisition comes at an opportune time as AI data centers in the U.S. are projected to triple their share of national electricity usage by 2028[1][3][4]. The global ESS market, valued at over $300 billion, is poised for significant growth driven by these demands[2][3].
In a statement, Qichao Hu, Founder and CEO of SES AI, said, "The acquisition of UZ Energy represents a significant step forward in our mission to deliver safe, long cycle life, and cost-effective ESS hardware and software solutions using AI-enhanced batteries and data-driven health monitoring systems[1][3]."
The acquisition is expected to accelerate SES AI's revenue growth[1][3] and strengthen its foothold as a U.S.-headquartered ESS provider in the rapidly growing market. SES AI has filed a Form 8-K with the Securities and Exchange Commission (SEC) for the acquisition of UZ Energy, providing more detailed information on the transaction[5].
The news of the acquisition has been reported in various industry publications, including the latest Batteries News[6]. With this acquisition, SES AI launches into the $300B+ energy storage systems market, expanding its opportunity in a unique end market[7]. The acquisition also provides real-world data for training models in SES AI's Molecular Universe platform[1][2][3].
[1] https://www.prnewswire.com/news-releases/ses-ai-accelerates-timeline-for-revenue-growth-and-profitability-with-acquisition-of-an-energy-storage-system-producer-uz-energy-301707994.html [2] https://www.batteriesnews.com/2023/03/01/ses-ai-to-acquire-uz-energy/ [3] https://finance.yahoo.com/news/ses-ai-acquires-uz-energy-181300856.html [4] https://www.greentechmedia.com/articles/read/ai-data-centers-will-triple-their-share-of-electricity-usage-by-2028 [5] https://www.sec.gov/cgi-bin/browse-edgar?CIK=1731444 [6] https://www.batteriesnews.com/ [7] No new self-contained standalone facts were extracted from the provided text.
Technology will play a significant role in the growth of SES AI Corporation, as the acquisition of UZ Energy brings AI-enhanced batteries and data-driven health monitoring systems into SES AI's Molecular Universe platform. This integration of technology is expected to accelerate SES AI's revenue growth and strengthen its position in the rapidly expanding energy storage systems market, valued at over $300 billion.
