SES AI Corporation /
UZ Energy
SES AI moves into energy storage with UZ Energy deal
Source for the buyer and target: SES AI Corp
For the buyer and target.
“Woburn, MA (July 28, 2025) - SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced it has executed a definitive agreement to acquire 100% of UZ Energy, an energy storage systems (“ESS”) provider, for a purchase price of approximately $25.5 million, subject to earnout adjustment based on the achievement of specified financial targets.”
Published 28 Jul 2025
Open the sourceWhat happened
SES AI Corporation agreed to acquire 100% of UZ Energy, an energy storage systems provider, for approximately $25.5 million, subject to earnout adjustment based on specified financial targets. [01]
UZ Energy designs and manufactures energy storage products for commercial and industrial applications. The acquisition is expected to close in the third quarter of 2025, subject to customary closing conditions. [01]
The source
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SES AI moves into energy storage with UZ Energy deal
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Open the sourceTimeline
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Expected close
“The acquisition is expected to close in the third quarter of 2025, subject to customary closing conditions”
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