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Hammond Power Solutions Inc. (HPS) announced it has signed a definitive agreement to acquire AEG Power Solutions, a global manufacturer of industrial power electronics. The acquisition is subject to regulatory approvals and customary closing conditions.
German utility swb Erzeugung selected AEG Power Solutions' concept combining battery energy storage and power-to-heat for primary-frequency control power, with 20 MW installed capacity delivering 15 MW of control power.
AEG Power Solutions was selected by Tecnimont to provide AC and DC UPS systems for Orpic's Liwa Plastic Industries Complex in Oman, including polyethylene and polypropylene plants. The project is expected to be completed by the end of 2019.