This move is part of SUNLIGHT's strategy to establish a strong presence in major markets. In the Italian market, SUNLIGHT is expanding its footprint with a total investment plan of €5 million for the years 2018-2022. The outlook for the next five years is to increase revenue to a nine-figure range.
This strategic move contributes to the company's upward trajectory, which has seen a
25% increase in capacity (2020), entry into the US market, and expansion of its R&D division for lithium technologies.
These agreements come at a time when Europe is preparing for a green energy transition, and all sectors are being urged to electrify to meet the European ambition for net-zero greenhouse gas emissions by 2050. SUNLIGHT is already playing an active role in this transition with its range of lithium-ion and lead-acid batteries for the industrial, renewable energy, e-transport, and marine sectors.
- Details
- Category: Current Affairs
SUNLIGHT and BMG Energy join forces in Italy to compete in the global lithium-ion battery market.
SUNLIGHT, an energy storage manufacturer, and BMG Energy have joined forces to create a large-scale sales and service organization that will enable them to further expand in the European market and become market leaders. This will result in a company that will be 78% owned by SUNLIGHT and 22% by BMG Energy.
Print Magazine
Annual subscription price:
You will receive all 10 editions that are published each year.
social networks
Popular News Electronics
Spanish electronics magazine. Printed for over 25 years.
Spain - Madrid - All rights reserved © Convertronic Professional Spanish Electronics Magazine.