Power | Battery Storage | Mergers and Acquisitions
Honeywell India is shifting focus towards energy transition by acquiring businesses in battery storage and green hydrogen sectors. They aim to develop battery management systems and participate in the green hydrogen ecosystem. While they see potential in green hydrogen, they acknowledge the current low demand.
NotesA pretty smart hedging by Honeywell, given that batteries and hydrogen together will form the real bulk of power storage options for the foreseeable future, across both stationary and mobility applications.
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