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Expanding its investment in alternative power, John Deere is set to acquire majority ownership of Kreisel Electric, an Austrian-based developer of immersion-cooled, high-density battery technology.

For Deere, the deal was prompted by growing demand for batteries as a sole- or hybrid-propulsion system for off-highway vehicles. The manufacturer intends to apply the technology to its lineup of turf equipment, compact utility tractors, small tractors, compact construction equipment, and some road building equipment, as it works toward a future with zero emissions propulsion systems.

鈥淜reisel鈥檚 battery technology can be applied across the broad portfolio of Deere products, and Kreisel鈥檚 in-market experience will benefit Deere as we ramp up our battery-electric vehicle portfolio. Deere will provide the expertise, global footprint, and funding to enable Kreisel to continue its fast growth in core markets,鈥� said Pierre Guyot, senior vice president, John Deere Power Systems. 鈥淭his is an opportunity to invest in a company with unique technology that鈥檚 designed for the demanding conditions where Deere customers work.

In addition to its patented battery technology, Kreisel has also developed a complementary charging infrastructure platform (CHIMERO).