Soltec Power Holdings, a company specialising in vertically integrated photovoltaic solutions, has acquired, through its corporate accelerator Aurora, a 12.2% stake in Silbat.
In a statement, the company explains that with this acquisition, the first made by its emerging projects launching branch, Soltec “aims to explore a long-term energy storage technology that could address the problem of the intermittency of renewable energy and its undesirable effects that produce strong imbalances in the hourly price curve and the stability of the network, among others”.
Aurora, Soltec’s corporate accelerator, was created in 2021 to promote innovative projects that fight climate change and, at the same time, ensure the company’s long-term competitiveness through renewable energies.
