American Battery Solutions in Lake Orion Spins Off ESS Division

American Battery Solutions (ABS) in Lake Orion announced the spinoff of its Energy Storage Solutions Division to create a new, independent company: American Energy Storage Innovations Inc. (AESI).
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American Battery HQ
ABS is its Energy Storage Solutions Division to create a new, independent company: American Energy Storage Innovations Inc. (AESI). // Photo courtesy of ABS

American Battery Solutions (ABS) in Lake Orion announced the spinoff of its Energy Storage Solutions Division to create a new, independent company: American Energy Storage Innovations Inc. (AESI).

The move is meant to underscore the commitment of ABS to drive innovation within the industry, according to the company.

The decision to spin off the ESS business should enable both the Mobility and the ESS segments of ABS to target specific growth strategies by aligning the investments, resources, and customers in the most optimal way to drive shareholder value, recognizing the unique value propositions of each business.

While AESI will operate as a distinct entity, recognizing the potential of the technology and the growth opportunities on the horizon, ABS will continue providing the leading battery system solutions for commercial and industrial mobility and off-road sector, capitalizing on growth opportunities, and executing on large supply contracts with leading bus, truck, RV, and delivery vehicle programs.

AESI will operate as a fully independent company with the continued support and backing of ABS’ long-standing investors, the KCK Group.

“This transition demonstrates achievement of a major milestone through the skills and expertise of both teams and will help to accelerate the growth of each. ABS and AESI have very different products and customers, this transition will allow both to focus on their respective markets” says Subhash Dhar, founder and CEO of ABS.

ABS will be exhibiting its line of low-voltage Alliance Intelligent Battery Series and high-voltage Proliance Intelligent Battery Series energy storage systems at The Battery Show 2023 in Novi from Sept. 12-14 at Booth 2105.