On the instructions of a retained client

Distressed Acquisition Opportunity

Sale of the business and assets of a design and manufacturer of energy storage systems for industry and the grid

Distressed Acquisition Opportunity 

Project Energy Storage

Charterfields has been instructed to advise on the sale of the business and assets of a design and manufacturer of energy storage systems for industry and the grid.

The Opportunity

Suited for heavy duty industrial and grid applications. Launch market is regenerative energy on cranes and customer interest in power quality on the grid.

  • Assets to be acquired:
    • Unencumbered furniture & equipment
    • Motor vehicle
    • Drawings/IPR (no patents)
      • £2m of investment to date by the current venture and £10m by a major corporate entity that originated the technology
      • Low Cost Precision Composite Flywheel
      • Ultra High Efficiency switched reluctance electric machine
      • Complex assembly of high precision components and know-how
      • Complete electrical machine – skid mounted
    • Potential Customer Base
      • Grid for frequency stabilisation and similar power quality
      • Industrials for peak shaving
      • Industrial for diesel hybridisation of large equipment  
  • The Company has 6 employees (inc CEO).
  • Target Market
    • Global Container Shipping Industry
    • Selling services directly to port operators in the diesel-electric market for retro-fit
    • In areas with expensive diesel generators and stringent emission
  •  Competitive Advantage
    • High performance power technology not available off the shelf
    • Limited reliance on rare earth/precious metals
    • Propriety software and hardware for energy optimisation for cranes
    • Design concept gives lower cost base than competing similar technology

Expressions of Interest

A buyer is urgently sought to acquire the business and assets as a going concern. We require expressions of interest by close of business on Friday 21 February 2019, with a view to submitting offers with proof of funding by close of business on Tuesday 26 February 2019.

Further details of this opportunity can be obtained following completion of a confidentiality agreement which is available by download or alternatively by emailing us at quoting "9269".