Estonian energy storage firm Skeleton becomes unicorn with Siemens deal
Siemens has invested more than $100m in Estonia's Skeleton Technologies, valuing the energy storage firm at over $1bn as it targets AI data centres.
Via TNW | Investors-funding
From left: Markus Grabmeier (President of Electrical Products at Siemens AG), Taavi Madiberk (CEO of Skeleton Technologies), Barry Powell (President and Regional CEO of Siemens Electrical Products)
Credit: Skeleton Technologies
Siemens has bought into Skeleton Technologies, an Estonian maker of energy storage systems. With this, the deal values Skeleton at more than $1 billion, its CEO Taavi Madiberk told Bloomberg.
The deal closed this month and was worth more than $100 million, the company said, but it did not give…
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