BLGO - BioLargo buys battery tech and forms a new subsidiary
2023-03-22 09:15:23 ET
- BioLargo ( OTCQB:BLGO ) on Wednesday announced its acquisition of a proprietary sodium-sulfur battery technology.
- The company said it had formed and secured initial seed capital for BioLargo Energy Technologies, a subsidiary designed to address the ongoing shift toward renewable energy production and the growth in global electricity demand.
- BETI will lead the manufacturing, scale-up, and operations for the sodium-sulfur battery technology with the help of one of the technology's original developers, who has joined BETI.
- Press Release .
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BioLargo buys battery tech and forms a new subsidiary