SES AI to acquire UZ Energy for $25.5m.

SES AI, a company specialising in development and manufacturing of AI-enhanced Li-Metal and Li-ion batteries, agreed to acquire UZ Energy, an energy storage systems provider, for $25.5m. “AI data centers in the US are on track to triple their share of national electricity usage by 2028. This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe ability to deliver better ESS battery materials and health monitoring systems by providing real world data to train our models. In acquiring UZ Energy, SES AI now has a unique opportunity to add an important end market,” Qichao Hu, SES AI Founder and CEO.