PETL Acquires Brill Power to Advance Battery Management Systems

Palmer Energy Technology Ltd (PETL) has acquired Brill Power for an undisclosed amount, integrating the innovative battery intelligence platform company into its operations. The acquisition sees PETL, a company focused on energy technology solutions, expand its capabilities in advanced battery management. Brill Power specializes in a Battery Intelligence Platform designed to enhance electric vehicles and stationary energy storage systems.

Brill Power’s core offering is an end-to-end solution that supersedes legacy battery management systems and power conversion technology. Its platform is engineered to deliver significant improvements in battery longevity, performance, cost, and sustainability across various applications. Founded on world-class research originating from the University of Oxford, Brill Power’s mission is centered on leveraging novel battery management systems to reduce ownership costs and improve the performance of both stationary and motive power batteries. The company previously closed a Series A funding round, led by Legal & General Capital and Barclays Sustainable Impact Capital, to advance its technology.

This strategic acquisition by PETL is expected to create substantial synergies, combining Brill Power’s specialized intelligence platform with PETL’s broader energy technology focus. The integration aims to enhance PETL's product portfolio, allowing for the delivery of more comprehensive and efficient energy storage solutions to its markets. Brill Power’s expertise in optimizing battery performance and reducing operational expenses is particularly valuable as demand for sustainable and high-performing energy storage continues to grow.

The combined entity is positioned to accelerate the development and deployment of advanced battery solutions. By bringing together their respective strengths, PETL and Brill Power are poised to offer integrated technologies that contribute to more efficient, durable, and cost-effective energy systems, supporting the ongoing transition towards sustainable energy and electric mobility.