
Share On Social
Briggs & Stratton Acquires SimpliPhi Power
Briggs & Stratton has announced it has acquired SimpliPhi Power, a California-based manufacturer of energy storage and management systems which store solar, grid and wind power for future use by residential, commercial and industrial customers. Through this acquisition, Briggs & Stratton will accelerate its growth into the energy storage system market, expanding the business to offer a comprehensive range of products that provide safe, reliable and affordable energy solutions to a broader group of customers in this fast growing market.
There is rapidly-growing demand for energy storage systems that provide power in the event of an outage, store excess energy to offset high electricity costs during peak times and supplement power from the utility grid. SimpliPhi Power designs and manufactures efficient, non-toxic and enduring energy storage and management systems that utilize lithium-ion batteries to store power generated by residential solar panels, among other sources.
“This acquisition quickly establishes a strong position for Briggs & Stratton in the high-growth energy storage system market,” says Steve Andrews, President and CEO of Briggs & Stratton. “The SimpliPhi Power team brings deep application expertise, strong technical support and proven, successful products to the Briggs & Stratton portfolio of power-agnostic products and technology solutions.”
Briggs & Stratton intends to offer SimpliPhi Power products through its own distribution channels in addition to continuing to service SimpliPhi Power’s existing distribution channels.
“Combining forces with Briggs & Stratton will provide SimpliPhi Power with new growth opportunities and substantial resources to lead the energy storage system market. Briggs & Stratton’s expansive distribution network, power application expertise, and commitment to innovation will accelerate our growth and our mission of providing resilient energy storage systems that create universal access to safe, reliable and affordable energy to empower people, communities and enterprises globally,” says Catherine Von Burg, CEO of SimpliPhi Power.
Latest News
VP Racing Adds New Vice President Marketing
VP Racing Fuels, Inc. has announced the promotion of Ben Dolan to Vice President of Marketing. “The VP team takes pride in having star players in every division and at every level,” says Alan…
Kohler Power Makes Acquisition
Kohler Co. has announced that its Power Group has signed an agreement to acquire multinational Curtis Instruments, headquartered in Mount Kisco, NY. Curtis is a leading electrification…
Platinum Equity Acquires Oregon Tool
Platinum Equity announced the acquisition of Oregon Tool, a leading manufacturer of saw chain and guide bars for chain saws, as well as lawnmower blades, agricultural tractor attachments and…