AMG LIVA Power Management Systems GmbH Acquires the Redox Flow Battery Activities from J.M. VOITH SE & CO. KG.
Amsterdam, 27 December 2023 --- AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that LIVA Power Management Systems GmbH (“LIVA”), a wholly owned subsidiary of AMG Critical Materials N.V. has agreed to acquire the Vanadium Redox Flow Battery (“VRFB”) activities from J.M. VOITH SE & CO. KG (“VOITH”).
- Amsterdam, 27 December 2023 --- AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that LIVA Power Management Systems GmbH (“LIVA”), a wholly owned subsidiary of AMG Critical Materials N.V. has agreed to acquire the Vanadium Redox Flow Battery (“VRFB”) activities from J.M.
- VOITH has developed a unique technology for controlling and balancing large-scale high-voltage VRFB energy storage systems.
- LIVA and VOITH will cooperate in their activities in the field of industrial and grid-scale energy storage systems in the future.
- Volker Kölln, CEO of AMG LIVA, commented, “This acquisition is an important building block for LIVA to further expand the attractiveness of the VRFB technology.