NEC pulls the plug on storage integration business

GREEN TECH MEDIA | Grid battery integrator NEC Energy Solutions is winding down, Bloomberg reported Thursday.

The company manufactured and integrated hundreds of megawatts of battery systems for projects around the world. But parent company NEC Corp. of Japan told Bloomberg that the subsidiary lost money since its founding in 2014, when NEC paid $100 million for the grid storage arm of bankrupt A123.

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