ILA member SYSTEMS SUNLIGHT S.A. expands operations in the US
SYSTEMS SUNLIGHT S.A. (Sunlight) plans to invest $150 million in the United States (US) over the next two years through a series of mergers and acquisitions. The first stage of the investment is the launch of Sunlight’s $10 million subsidiary and assembly hub in North Carolina, SUNLIGHT Battery USA.
The new subsidiary has an annual capacity of over 2 GWh in lithium and lead technologies.
The company’s lead cells and batteries will be ‘a range specifically designed for the US market’, combining ‘the efficiency of tubular technology with BCI cell dimensions to ensure full compatibility and flexibility for all battery applications’.
This facility is the company’s largest assembly hub worldwide and supplements its existing plant in Verona, Italy. The investment comes as the Biden administration promotes clean energy investments and employment opportunities in new industries. Sunlight has already secured 15 partnerships in the country.
Sunlight CEO, Lampros Bisalas said: “COVID-19 has highlighted the need and demand for green energy and the US requires innovation and battery production support to compete with the Asian market. As a global energy storage solutions provider with distributors within Europe, Africa the Middle East and Latin America, this subsidiary and assembly hub will help bolster the US’ position in the energy storage sector.”
Sunlight specialises in the development and production of batteries and energy storage systems for industrial and advanced technology applications. Sunlight says the assembly hub will help to serve existing and future customers and grow its US lead and lithium battery market.
Originally published by SYSTEMS SUNLIGHT S.A.
Cover image: SUNLIGHT Batteries USA Assembly Hub. Photo credit: SYSTEMS SUNLIGHT S.A.