At the storage industry matures, larger companies are starting to purchase some of the original start-ups. Earlier this year, Enel Green Power scooped up Demand Energy and Ormat purchased Viridity and in 2016, GE Ventures bought a stake in Sonnen.
This week news that Finland-based WÃ¤rtsilÃ¤ agreed to acquire the California-based start-up Greensmith Energy Management Systems is another sign of the energy storage sector’s promise for the future.
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