Sensata Technologies furthers electrification strategy with acquisition of Spear Power Systems

24 August 2021 | David Young

The industrial technology company and provider of sensor-rich solutions and insights, has announced the acquisition of Spear Power Systems, a lithium-ion based energy storage solutions company

Sensata Technologies furthers electrification strategy with acquisition of Spear Power Systems

Spear Power Systems has a wide range of flexible cell energy storage systems suited to meet any demand

Since its founding in 2013, Spear Power Systems has been developing next generation scalable lithium-ion battery storage systems for demanding land, sea and air applications. Spear Power Systems' energy storage systems are cell-agnostic and include proprietary battery management and monitoring for all lithium-ion chemistries from multiple battery suppliers offering high energy density, modular architecture, light weight, and extreme safety and reliability.

The acquisition of Spear Power Systems advances Sensata's electrification portfolio and strategy into new clean energy markets. Spear Power Systems expands on Sensata's acquisition of Lithium Balance in battery management systems and provides energy storage solutions for OEMs and system integrators in fast-growing end markets that offer significant growth opportunities.

"We are pleased that the talented Spear Power Systems team, including over 40 highly experienced engineers, will be joining Sensata," said Vineet Nargolwala, executive vice president, Sensing Solutions at Sensata Technologies. "Spear Power Systems enables us to deliver more comprehensive energy storage solutions to help enable the electrification and replacement of combustion applications in support of OEM customers in diverse end-markets. These capabilities will be strong additions to our product portfolio and will help drive our electrification growth vector and accelerate our clean energy strategy."

Source: Sensata