Briggs & Stratton Acquires Energy Storage Specialist SimpliPhi Power
[OXNARD, CA] – Briggs & Stratton announced today it has acquired SimpliPhi Power, an Oxnard, Calif.-based manufacturer of energy storage and management systems designed to store electricity derived from solar, grid and wind power for use by residential, commercial and industrial customers. No financial details were provided.
Through this acquisition, Briggs & Stratton said it 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.
“This acquisition quickly establishes a strong position for Briggs & Stratton in the high-growth energy storage system market,” said 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.”
SimpliPhi Power designs and manufactures energy storage and management systems from 750 Wh to 2 MWh based on lithium-ion and lithium ferro phosphate battery chemistries. The company also supplies uninterruptible power supplies (UPS) as well as portable emergency power supplies.
“Combining forces with Briggs & Stratton will provide SimpliPhi Power with new growth opportunities and substantial resources to lead the energy storage system market,” said Catherine Von Burg, CEO of SimpliPhi Power. “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,” said Catherine Von Burg, CEO of SimpliPhi Power.
Briggs & Stratton said it intends to offer SimpliPhi Power products through its own distribution channels in addition to continuing to service SimpliPhi Power’s existing distribution channels.
This acquisition adds to Briggs & Stratton’s existing range of Vanguard Commercial lithium-ion batteries that include 3.8, 5 and 10 kWh units.