September 16, 2021: SimpliPhi Power has been snapped up by the gas engines and power generation equipment manufacturer Briggs & Stratton, the firm announced on September 7.
The purchase will accelerate Briggs & Stratton’s growth in the energy storage system market, the company says, and broaden its customer base.
“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.”
Briggs & Stratton is headquartered in Milwaukee, Wisconsin, and claims to be the world’s largest producer of gasoline engines for outdoor power equipment.
It also designs and makes lithium-ion batteries, as well as other power products.
SimpliPhi makes LFP batteries, having moved away from cobalt in 2007.