INNIO Group to acquire Northeast-Western Energy Systems
Power Engineering International
Posted on: 27 September 2023
Northeast-Western Energy Systems is a US-based power systems integrator and one of the leading distributors for Jenbacher solutions globally.
Austrian technology engineering firm INNIO has announced the acquisition of Northeast-Western Energy Systems from Penn Power Group.
Northeast-Western Energy Systems (NES-WES) is a US-based power systems integrator and one of the leading distributors for Jenbacher solutions globally.
This acquisition reflects INNIO's growth strategy in the US aimed at building a nationwide offering for new installations and energy services across the continent.
INNIO has been working with NES-WES for the past 20 years to develop the market in North America and established a remarkable local installed base for its Jenbacher product brand.
NES-WES has a large installed base of Jenbacher engines in the 500 kW – 5.0 MW range supported by strong parts and service capabilities. This provides a strong foundation to build a nation-wide leading distributed energy business, integrating engines, renewable technologies, energy storage systems, standby power systems, microgrids and related services.
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Through the acquisition, INNIO can rapidly scale the business and expand its share for firm-hybrid microgrids, peaking power and renewable gas applications.
Dr. Olaf Berlien, president and CEO of INNIO Group said, "Not only can we increase our offering for new installations and related services, but we add outstanding microgrid and project management expertise to our team."
Al Clark, president and CEO of NES-WES added: “...we know the Jenbacher product portfolio and applications extremely well and have experienced significant, increased demand for INNIO’s energy solutions first-hand. We have strong in-house capabilities to design, integrate, build, operate and maintain small to large, distributed energy systems, microgrids, balance of plant systems for continuous duty, peaking, and fast start data center applications."
The transaction is expected to close in Q4 2023.
