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West Palm Beach firm to acquire $495M energy storage business

Brian Bandell
·2 min read

A West Palm Beach-based special purpose acquisition company (SPAC) announced a deal to acquire energy storage company Electriq Power in a deal valued at $495 million. Electriq Power is based in San Leondro, California and has a 5,000-square-foot facility in West Palm Beach, where it announced plans earlier this year to hire 40 people. TLG Acquisition One Corp. (NYSE: TLGA) said it would change its name to Electriq Power Holdings following the merger, which should close in the first half of 2023.

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