About NEC Energy Solutions
NEC Energy Solutions is an Energy & Utilities company based in Westborough (United States) founded in 2002, and was acquired by LG Energy Solutions in September 2021. Platform that specializes in designing and manufacturing energy storage systems. The company was acqui-hired. Its focus areas include Energy Tech, Energy Storage Tech, Energy Storage System and Lithium Ion. Its competitors include Microvast, Powin Energy and Cadenza Innovation; 3 of its 3 listed competitors have raised funding.
Company details
NEC Energy Solutions was founded in 2002 and is headquartered in Westborough, United States. Energy storage systems are designed and manufactured by the company within the renewable energy sector. Operations focus on applications for electric grids, backup power, and replacements for conventional 12V lead-acid batteries. Products are tailored to support infrastructure reliability and efficiency in power management.
- Headquarters Westborough, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website neces.com
- Social LinkedIn X Facebook
- Acquired by LG Energy Solutions (Sep 2021)
- Investors
- Acquired byLG Energy Solutions
(Sep 2021)
Investors in NEC Energy Solutions
NEC Energy Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include LG Energy Solution.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lithium-ion batteries for various electric vehicle categories are manufactured. | 2020 | lgensol.com | Seoul, South Korea |
Investor details for NEC Energy Solutions
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People of NEC Energy Solutions
1 people are tracked at NEC Energy Solutions (1 in leadership).
| Name | Role | Group |
|---|---|---|
Steve Fludder | CEO | Leadership |
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Timeline of NEC Energy Solutions
2 dated milestones of NEC Energy Solutions across 19 years, from founding to its latest funding, stage changes and deals.
- Founded NEC Energy Solutions is founded.
- Exit Acquired by LG Energy Solutions.
Competitors of NEC Energy Solutions
NEC Energy Solutions has 3 listed competitors in our database, 3 of them funded. They include Microvast, Powin Energy and Cadenza Innovation.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| microvast.com | 2006 | Stafford, United States | $430M | 2,006 | Lithium-ion batteries for multi-category electric vehicles are developed. | |
| powinenergy.com | 2010 | Tualatin, United States | $260M | 100 | Energy storage systems are provided for grid-level and behind-the-meter applications. | |
| cadenzainnovation.com | 2016 | Oxford, United States | $20.27M | 28 | Lithium-ion battery systems for energy storage are developed. |
Detailed competitors of NEC Energy Solutions
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Top companies in Energy Storage Systems
3 companies that operate in the same segment as NEC Energy Solutions (Energy Storage Systems) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Silicon-based solar PV modules are manufactured for diverse applications. | 1985 | San Jose, California, United States | USD 171.73 M | USD 300 M | 600 | |
Iron-air energy storage systems are developed for renewable energy projects. | 2009 | Somerville, Massachusetts, United States | USD 2 B | 902 |
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Related news about Nec Energy Solutions
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Frequently Asked Questions about NEC Energy Solutions
NEC Energy Solutions was founded in 2002.
NEC Energy Solutions is headquartered in Westborough, United States. It is registered at Westborough, Massachusetts, United States.
NEC Energy Solutions was founded in 2002 and is headquartered in Westborough, United States. Energy storage systems are designed and manufactured by the company within the renewable energy sector. Operations focus on applications for electric grids, backup power, and replacements for conventional 12V lead-acid batteries. Products are tailored to support infrastructure reliability and efficiency in power management.
NEC Energy Solutions's top competitors include Microvast, Powin Energy and Cadenza Innovation.
NEC Energy Solutions has 1 investor. Key investors include LG Energy Solution.
Yes. NEC Energy Solutions was acquired by LG Energy Solutions in September 2021.