Acquires

Zhongzhi Technology acquires photovoltaic energy storage

Longi has moved decisively to reposition itself in the global clean-energy value chain, acquiring effective control of battery storage maker PotisEdge in a deal that marks its strongest strategic pivot since becoming the world's biggest solar-wafer producer. . China's largest solar manufacturer seeks to escape shrinking margins by securing 62% voting control of a fast-rising storage integrator., regulators disclosed on Thursday. The move comes as leading integrated photovoltaic manufacturers expand into the energy storage sector. . Leading Chinese solar PV manufacturer LONGi has acquired Canada-headquartered system integrator PotisEdge, and plans to launch an 'Energy Storage One-Stop Solution' as the company now covers solar, hydrogen and energy storage products. News of LONGi's acquisition of PotisEdge first emerged on 13. . PVTIME – On 13 November, the Shaanxi Provincial Administration for Market Regulation issued a notice confirming that LONGi Green Energy Technology Co. had signed agreements with Suzhou PotisEdge Energy Technology Co., a specialist in 31GWh lithium-ion battery energy storage, and other. .

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