November 25, 2021: Stryten Energy has bought the vehicle power division of Galvion, a military equipment maker whose products include lithium batteries for onboard systems typically used in combat vehicles such as tanks.
In an announcement on November 15, Stryten said the deal had been struck just as the Biden administration was committing more money for manufacturing specialized lithium-ion batteries to boost ‘military preparedness, energy security and the advancement of clean energy goals’.
“Energy storage solution companies like Stryten Energy are critical to strengthening America’s supply chain and ensuring access to advanced lead and lithium battery technologies,” said Tim Vargo, Stryten CEO.
“The addition of Galvion’s extensive lithium battery knowledge to our research and development group, as well as Galvion’s Vehicle Power Division assets, will provide our customers with next-generation lithium battery technology.”
Stryten Energy is primarily a lead battery manufacturer, and in June it joined two lead battery associations BCI and CBI.