Exergonix just acquired “substantially all of the assets of Coda Energy,” a twice-bankrupt California manufacturer of energy storage systems. Exergonix will assume management and operation of all of the already-installed Coda systems operating at customer sites in California, according to a release.
Exergonix, founded in 2010, claims to have “reliably delivered energy projects geared for commercial- or utility-scale applications and has participated in strategic partnerships to win utility grid-level projects.” Peter Nortman, Coda’s founder and CTO, “will join the management team at Exergonix and will help transition all existing [Self-Generation Incentive Program projects] to Exergonix.”
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