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Freudenberg secures majority interest in Li-ion battery maker XALT Energy; full acquisition coming

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Freudenberg Sealing Technologies has become majority stakeholder of XALT Energy, a Midland, Mich.-based based global developer and manufacturer of lithium-ion technology solutions targeted for heavy-duty mobility applications. Earlier post.) We are delighted with this strategic venture.

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Rolls-Royce takes majority holding in power storage specialist Qinous; storage for microgrid activities

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stake in the former start-up back in October 2018. The company is involved in battery storage systems and associated control systems, and has already implemented storage solutions around the world. Joint development work on a range of storage solutions in recent months has shown that the two companies are an excellent fit.