EV technology provider innogy e-mobility, a subsidiary of German electric utility Innogy SE, has announced the acquisition of California-based EVSE manufacturer BTCPower.
The transaction is expected to provide innogy with a full DC product portfolio for the North American market, as well as access to increased production capabilities.
innogy has already successfully collaborated with BTCPower, and found that the company’s charging stations integrated seamlessly into innogy’s backend system.
BTCPower will continue to operate as an independent company, with the current management team continuing to oversee operations and manufacturing at the company’s headquarters in Santa Ana and its newly expanded manufacturing facility in Cebu, Philippines.
“By investing in BTCPower, we are expanding our engagement in the US market,” said Martin Herrmann, COO Retail at innogy SE. “The US eMobility market is currently booming, and is one of the most attractive markets for eMobility worldwide. Pioneering states like California and others are creating jobs and fostering investment by supporting strategic, long-term policies promoting emission-free vehicles.”