Singapore company TES invests in energy storage

05 May 2020 - 12:00 am UTC

Singapore-based electronic waste management company TES has made an undisclosed equity investment in energy storage and power systems firm GenPlus, according to an announcement.

TES, which is backed by Southeast Asian private equity firm Navis Capital Partners, claims to be the largest electronic waste recycler in the world with 36 sites across 12 countries.  

GenPlus uses retired electric vehicle batteries to create commercial and residential batteries. The stored electricity can be used for green energy plants, remote off-grid power and other areas.

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