SES AI to acquire UZ Energy for $25.5 million in ESS expansion

WOBURN, Mass. - SES AI Corporation (NYSE:SES), currently valued at $433 million with a stock price of $1.18, announced Monday it has entered into a definitive agreement to acquire energy storage systems provider UZ Energy for approximately $25.5 million, subject to earnout adjustments based on financial performance targets. According to InvestingPro analysis, the company currently trades below its Fair Value, despite showing some concerning financial health indicators.

The acquisition, expected to close in the third quarter of 2025, will expand SES AI’s presence in the energy storage systems market, particularly targeting the growing demand from AI data centers.

UZ Energy specializes in designing and manufacturing energy storage systems for commercial and industrial applications. The company has deployed over 500 MWh of energy storage systems across more than 60 countries with no reported safety incidents. SES AI brings strong fundamentals to this acquisition, maintaining impressive gross profit margins of 75% and holding more cash than debt on its balance sheet, according to InvestingPro data.

SES AI plans to integrate UZ Energy’s hardware, data, and sales channels into its existing Molecular Universe platform. The company stated in a press release that the acquisition positions it as a U.S.-headquartered provider of energy storage solutions in what it describes as a $300 billion global market.

"AI data centers in the US are on track to triple their share of national electricity usage by 2028," said Qichao Hu, Founder and CEO of SES AI. "This acquisition of UZ Energy launches us into this exciting market, accelerates our revenue growth, and strengthens our Molecular Universe ability to deliver better ESS battery materials and health monitoring systems."

UZ Energy, founded in 2013, will bring its established global network of partners to SES AI, which specializes in developing Li-Metal and Li-ion batteries.

The transaction remains subject to customary closing conditions. SES AI has filed a Form 8-K with the Securities and Exchange Commission providing additional details about the acquisition. Investors looking for deeper insights can access the comprehensive Pro Research Report on SES AI, along with 10 additional ProTips, available exclusively on InvestingPro. The company’s next earnings report is scheduled for August 4, 2025, which may provide further details about the acquisition’s impact.

In other recent news, SES AI Corporation reported preliminary second-quarter revenue of $3.5 million with a 74% gross margin. The company affirmed its full-year revenue guidance of $15 million to $25 million, while cash used in operations decreased significantly to $10.8 million, marking a 51% reduction from the same quarter last year. Additionally, SES AI launched an updated version of its Molecular Universe platform, introducing a new feature called "Deep Space" designed to expedite battery research. This feature utilizes a multi-agent model to provide detailed responses in significantly less time compared to traditional methods. Meanwhile, Cantor Fitzgerald maintained its Overweight rating on SES AI with a $2.00 price target. This rating reflects the firm’s valuation approach considering SES AI’s main business segments and net cash position. Cantor Fitzgerald’s analysis includes a sum-of-the-parts valuation, applying different enterprise value multiples to SES’s Battery Product and Service segments. These developments illustrate SES AI’s ongoing efforts in innovation and its financial performance outlook.

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