Chart Industries has completed the acquisition of Sustainable Energy Solutions (SES).
The company initially announced its plans to acquire Utah-based company back in mid-December, and then completed the acquisition later on the 23rd Dec (2020).
SES prides itself in its Cryogenic Carbon Capture™ (CCC) technology which eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage.
Chart will now pair such technology with its air-cooled heat exchangers, brazed aluminium heat exchanges, IPSMR® refrigeration/liquefaction system and cryogenic storage and transport equipment to create a one-stop full solution option.
Commenting on the completion, Jill Evanko, Chart’s CEO, said, “I am excited to complete the SES acquisition before year-end 2020, as our pipeline of carbon and direct air capture commercial opportunities for 2021 and 2022 is growing.”