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ConnectM Acquires Amperics, Expanding Keen Labs' Portfolio and Advancing the Future of Virtual Power Plants & Energy-Intelligent AI Data Centers
Globenewswire· 2025-11-03 19:30
Core Insights - ConnectM Technology Solutions, Inc. has announced the acquisition of Amperics, a developer of advanced hybrid battery-supercapacitor technology, marking a significant shift in its business model from electrification services to energy-asset ownership and Virtual Power Plant (VPP) operations [1][2] Group 1: Acquisition Details - The acquisition will integrate Amperics into Keen Labs, ConnectM's AI and technology subsidiary, expanding its portfolio of connected-energy platforms [3] - Amperics' TiO₂-based hybrid battery technology offers high power, long cycle life, and enhanced safety, making it suitable for applications like grid stabilization and data-center energy buffering [4] Group 2: Strategic Implications - This acquisition strengthens ConnectM's leadership in distributed energy resources (DERs) and VPP operations, with plans to incorporate Amperics' technology into various applications through its Energy Intelligence Network (EIN) platform [5][6] - The hybrid battery technology will enhance the company's AI-driven Energy Intelligence and VPP software, allowing for real-time control and monetization of distributed storage assets [6] Group 3: Business Model Transformation - By combining Amperics' energy-storage technology with Keen Labs' software, ConnectM aims to create a model that transforms traditional equipment sales into recurring income streams, effectively establishing distributed "digital power plants" [8] - The technology aligns with ConnectM's mission to decarbonize infrastructure while ensuring reliability, utilizing scalable and low-cost manufacturing processes [9]