EnBW says it is seeking a new investor for its Senec storage subsidiary Senec to support further growth, though the company could remain wholly owned. The search comes after a comprehensive restructuring and aims to fund expansion in software, hardware, and international markets.
Image: Senec
From ESS News
EnBW said it is seeking a new investor for Senec, its Leipzig-based storage subsidiary. The company, originally acquired from Deutsche Energieversorgung in 2017 and later renamed Senec, develops and sells storage systems.
“The search for a potential investor for Senec is in its early stages. Senec underwent a comprehensive organizational, strategic, and product restructuring last year, preparing itself for success in the market,” an EnBW spokesperson told pv magazine, confirming a report in German daily Stuttgarter Zeitung.
The company said it is pursuing growth and intends to focus more on software offerings for its customers in addition to storage hardware.
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