Richardson Electronics Partners with Gotion to Launch Large-Scale Battery Energy Storage Systems
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
Richardson Electronics announced a new technology partnership with Gotion to bring large-scale battery energy storage systems to the multi-billion dollar U.S. market. The collaboration brings together two Illinois-based companies, Richardson Electronics in LaFox, Illinois, and Gotion Illinois' battery manufacturing facility in Manteno, Illinois, to meet the rapidly growing demand for energy storage across commercial and industrial and utility-scale applications. Through this partnership, Richardson Electronics and Gotion will introduce two advanced BESS platforms: a 760-kWh system designed for C&I energy storage applications and a 5 MWh system engineered to support large-scale utility deployments. These systems will support projects ranging from customized C&I installations to large-scale utility projects in the hundreds of megawatts. Manufactured and assembled in Manteno, Illinois, the new battery energy storage solutions will help customers manage rising electricity costs while providing greater control over energy usage and improving grid resilience. The collaboration also aligns with the continued growth of battery storage in Illinois following the rollout of the Illinois Climate Resilience and Grid Advancement program, which provides rebates of up to $250 per kWh for standalone battery energy storage systems. Under the agreement, Gotion will provide advanced battery technology produced at Gotion's Illinois manufacturing hub in Manteno, Illinois, while Richardson Electronics will leverage its extensive experience in the U.S. energy market to support commercialization, engineering integration, and go-to-market strategy.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy RELL?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on RELL
Wall Street analysts forecast RELL stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 17.850
Low
12.00
Averages
12.00
High
12.00
Current: 17.850
Low
12.00
Averages
12.00
High
12.00
About RELL
Richardson Electronics, Ltd. is a manufacturer of engineered solutions, green energy products, power grid and microwave tubes and related consumables; power conversion and radio frequency and microwave components; replacement parts, tubes and service training for diagnostic imaging equipment, and customized display solutions. Its segments include Power and Microwave Technologies (PMT), Green Energy Solutions (GES), and Canvys. The PMT segment combines engineered solutions capabilities, power grid and microwave tube business with disruptive RF, wireless and power technologies. The GES segment combines technology partners and engineered solutions capabilities that designs and manufactures products for the energy storage market and power management applications. The Canvys segment provides customized display solutions, such as touch screens, protective panels, custom enclosures, specialized cabinet finishes and application specific software packages and certification services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Richardson Electronics Forms Strategic Partnership with NoMIS Power
- Strategic Partnership: Richardson Electronics has formed a global strategic partnership with NoMIS Power, a designer of advanced silicon carbide power semiconductor technologies, enabling the expansion of its next-generation power solutions portfolio targeting high-growth markets such as AI data center power infrastructure and renewable energy conversion.
- Positive Market Reaction: The company's shares surged 8.2% in the afternoon session, indicating a favorable market perception of this collaboration, despite the overall volatility with 23 moves greater than 5% in the past year.
- Strong Financial Performance: Richardson Electronics recently reported first-quarter results that exceeded analyst expectations for both revenue and earnings, further boosting investor confidence and driving the stock to a new 52-week high of $18.34.
- Long-term Investment Returns: The stock has risen 70.4% since the beginning of the year, and an investment of $1,000 made five years ago would now be worth $2,250, highlighting the company's growth potential in electrification and high-efficiency power markets.
See More
Richardson Electronics Forms Strategic Partnership with NoMIS Power
- Strategic Partnership: Richardson Electronics has formed a global strategic partnership with NoMIS Power to expand its next-generation power solutions portfolio by integrating advanced silicon carbide (SiC) technologies, particularly in medium and high-voltage applications, which is expected to accelerate the adoption of SiC technologies in key markets like battery energy storage and renewable energy.
- Enhanced Technical Capabilities: This collaboration strengthens Richardson Electronics' ability to support customers transitioning from legacy silicon IGBT solutions to more efficient SiC architectures, enabling lower switching losses and higher power density, thereby improving system performance and reliability.
- Market Opportunity Expansion: By introducing high-efficiency and reliable SiC solutions, Richardson Electronics' Power & Microwave Technologies portfolio will further solidify its market position in electrification and power conversion applications, supporting long-term revenue growth and expanded market opportunities.
- Improved Customer Support: NoMIS Power's deep expertise in SiC device design and application support will enable Richardson Electronics to provide customers with more advanced design solutions that enhance system performance and application fit, reinforcing its role as a trusted engineering partner in demanding power applications.
See More
Richardson Electronics Partners with Gotion to Launch Battery Energy Storage Systems
- Technology Partnership: Richardson Electronics and Gotion have formed a partnership to introduce two battery energy storage systems, a 760 kWh and a 5 MWh model, aimed at addressing the rapidly growing demand for energy storage in the U.S. commercial and industrial markets, which is expected to significantly enhance their competitiveness in the multi-billion dollar sector.
- Market Response: The new systems will assist customers in managing rising electricity costs while providing greater control over energy usage, thereby improving grid resilience, aligning with the Illinois Climate Resilience and Grid Advancement program, and likely driving the expansion of battery storage projects in the state.
- Localized Production: Gotion will produce advanced battery technology at its manufacturing facility in Manteno, Illinois, while Richardson Electronics will leverage its extensive experience in the U.S. energy market to support commercialization and engineering integration, which is expected to accelerate market entry and enhance customer satisfaction.
- Strategic Implications: This collaboration not only reflects Gotion's long-term commitment to building a localized battery supply chain but also promotes the manufacturing and deployment of energy storage systems in the U.S., supporting grid modernization and economic development, thereby further solidifying both companies' leadership positions in the green energy sector.
See More
Richardson Electronics to Participate in LD Micro Invitational
- Event Participation: Richardson Electronics will participate in the 16th Annual LD Micro Invitational on May 18-19, 2026, at the Luxe Sunset Boulevard Hotel in Los Angeles, showcasing its engineered solutions for alternative energy and power management, which is expected to attract significant investor interest.
- Executive Presentation: Chairman and CEO Edward Richardson, along with COO Wendy Diddell, will present on May 18 at 9:30 AM, highlighting the company's technical expertise and market strategy, aimed at enhancing investor awareness and engagement.
- Live Webcast Details: The presentation will be accessible via a live webcast, allowing investors to participate and further expanding the company's influence among potential investors while paving the way for future investment opportunities.
- Global Manufacturing Capability: Over 60% of Richardson Electronics' products are manufactured in the U.S. and Germany, ensuring competitiveness in the alternative energy, healthcare, and industrial markets, while maintaining product quality and compliance through strict supplier codes of conduct.
See More
Canvys Launches 32-Inch Medical Monitor to Enhance Visualization Solutions
- Product Expansion: Canvys has launched a new 32-inch medical monitor, building on the successful 27-inch platform, which enhances application capabilities for OEM customers and supports a wider range of clinical and diagnostic systems, further solidifying its position in the medical display technology market.
- Technical Advantages: The new monitor features a resolution of 3840 × 2160, providing high color accuracy and wide viewing angles, making it suitable for high-precision applications such as robotic-assisted surgery and medical imaging, thereby meeting stringent clarity requirements in medical environments.
- Architectural Flexibility: The platform is designed with a unified and scalable architecture that allows OEMs to transition seamlessly between different display sizes, reducing integration complexity and streamlining validation processes, thus supporting long-term product lifecycle strategies.
- Compliance Design: The 32-inch monitor complies with relevant standards such as IEC 60601, featuring a True Flat design and non-reflective surface that facilitate cleaning and disinfection, ensuring adherence to clinical hygiene requirements and enhancing the safety and reliability of medical devices.
See More
Richardson Electronics Launches LaserSlat SAVER™ in Brazil
- Market Expansion: Richardson Electronics has launched the LaserSlat SAVER™ in Brazil, providing Latin American fabricators with an effective solution aimed at reducing downtime, improving cut quality, and extending the lifespan of laser-cutting tables, thereby enhancing its competitive position in the region.
- Eco-Friendly Innovation: The product employs an eco-friendly cleaning approach that reduces slag buildup and restores slat surfaces, significantly decreasing the time required for mechanical cleaning and reducing the frequency of slat replacement, helping manufacturers lower operational costs and increase machine uptime.
- User-Friendly Design: The LaserSlat SAVER™ is compatible with a wide range of laser cutting machines and is designed for ease of use, allowing operators to quickly clean slats without removing them from the table, thereby reducing labor requirements and improving production efficiency.
- Global Investment: Richardson Electronics continues to invest in expanding its engineered solutions portfolio globally, showcasing its new product at the FEIMEC 2026 exhibition, further solidifying its commitment to enhancing performance and reliability in demanding industrial environments.
See More
Richardson Electronics Forms Strategic Partnership with NoMIS Power
- Strategic Partnership: Richardson Electronics has formed a global strategic partnership with NoMIS Power, a designer of advanced silicon carbide power semiconductor technologies, enabling the expansion of its next-generation power solutions portfolio targeting high-growth markets such as AI data center power infrastructure and renewable energy conversion.
- Positive Market Reaction: The company's shares surged 8.2% in the afternoon session, indicating a favorable market perception of this collaboration, despite the overall volatility with 23 moves greater than 5% in the past year.
- Strong Financial Performance: Richardson Electronics recently reported first-quarter results that exceeded analyst expectations for both revenue and earnings, further boosting investor confidence and driving the stock to a new 52-week high of $18.34.
- Long-term Investment Returns: The stock has risen 70.4% since the beginning of the year, and an investment of $1,000 made five years ago would now be worth $2,250, highlighting the company's growth potential in electrification and high-efficiency power markets.
See More
Richardson Electronics Forms Strategic Partnership with NoMIS Power
- Strategic Partnership: Richardson Electronics has formed a global strategic partnership with NoMIS Power to expand its next-generation power solutions portfolio by integrating advanced silicon carbide (SiC) technologies, particularly in medium and high-voltage applications, which is expected to accelerate the adoption of SiC technologies in key markets like battery energy storage and renewable energy.
- Enhanced Technical Capabilities: This collaboration strengthens Richardson Electronics' ability to support customers transitioning from legacy silicon IGBT solutions to more efficient SiC architectures, enabling lower switching losses and higher power density, thereby improving system performance and reliability.
- Market Opportunity Expansion: By introducing high-efficiency and reliable SiC solutions, Richardson Electronics' Power & Microwave Technologies portfolio will further solidify its market position in electrification and power conversion applications, supporting long-term revenue growth and expanded market opportunities.
- Improved Customer Support: NoMIS Power's deep expertise in SiC device design and application support will enable Richardson Electronics to provide customers with more advanced design solutions that enhance system performance and application fit, reinforcing its role as a trusted engineering partner in demanding power applications.
See More
Richardson Electronics Partners with Gotion to Launch Battery Energy Storage Systems
- Technology Partnership: Richardson Electronics and Gotion have formed a partnership to introduce two battery energy storage systems, a 760 kWh and a 5 MWh model, aimed at addressing the rapidly growing demand for energy storage in the U.S. commercial and industrial markets, which is expected to significantly enhance their competitiveness in the multi-billion dollar sector.
- Market Response: The new systems will assist customers in managing rising electricity costs while providing greater control over energy usage, thereby improving grid resilience, aligning with the Illinois Climate Resilience and Grid Advancement program, and likely driving the expansion of battery storage projects in the state.
- Localized Production: Gotion will produce advanced battery technology at its manufacturing facility in Manteno, Illinois, while Richardson Electronics will leverage its extensive experience in the U.S. energy market to support commercialization and engineering integration, which is expected to accelerate market entry and enhance customer satisfaction.
- Strategic Implications: This collaboration not only reflects Gotion's long-term commitment to building a localized battery supply chain but also promotes the manufacturing and deployment of energy storage systems in the U.S., supporting grid modernization and economic development, thereby further solidifying both companies' leadership positions in the green energy sector.
See More
Richardson Electronics to Participate in LD Micro Invitational
- Event Participation: Richardson Electronics will participate in the 16th Annual LD Micro Invitational on May 18-19, 2026, at the Luxe Sunset Boulevard Hotel in Los Angeles, showcasing its engineered solutions for alternative energy and power management, which is expected to attract significant investor interest.
- Executive Presentation: Chairman and CEO Edward Richardson, along with COO Wendy Diddell, will present on May 18 at 9:30 AM, highlighting the company's technical expertise and market strategy, aimed at enhancing investor awareness and engagement.
- Live Webcast Details: The presentation will be accessible via a live webcast, allowing investors to participate and further expanding the company's influence among potential investors while paving the way for future investment opportunities.
- Global Manufacturing Capability: Over 60% of Richardson Electronics' products are manufactured in the U.S. and Germany, ensuring competitiveness in the alternative energy, healthcare, and industrial markets, while maintaining product quality and compliance through strict supplier codes of conduct.
See More
Canvys Launches 32-Inch Medical Monitor to Enhance Visualization Solutions
- Product Expansion: Canvys has launched a new 32-inch medical monitor, building on the successful 27-inch platform, which enhances application capabilities for OEM customers and supports a wider range of clinical and diagnostic systems, further solidifying its position in the medical display technology market.
- Technical Advantages: The new monitor features a resolution of 3840 × 2160, providing high color accuracy and wide viewing angles, making it suitable for high-precision applications such as robotic-assisted surgery and medical imaging, thereby meeting stringent clarity requirements in medical environments.
- Architectural Flexibility: The platform is designed with a unified and scalable architecture that allows OEMs to transition seamlessly between different display sizes, reducing integration complexity and streamlining validation processes, thus supporting long-term product lifecycle strategies.
- Compliance Design: The 32-inch monitor complies with relevant standards such as IEC 60601, featuring a True Flat design and non-reflective surface that facilitate cleaning and disinfection, ensuring adherence to clinical hygiene requirements and enhancing the safety and reliability of medical devices.
See More
Richardson Electronics Launches LaserSlat SAVER™ in Brazil
- Market Expansion: Richardson Electronics has launched the LaserSlat SAVER™ in Brazil, providing Latin American fabricators with an effective solution aimed at reducing downtime, improving cut quality, and extending the lifespan of laser-cutting tables, thereby enhancing its competitive position in the region.
- Eco-Friendly Innovation: The product employs an eco-friendly cleaning approach that reduces slag buildup and restores slat surfaces, significantly decreasing the time required for mechanical cleaning and reducing the frequency of slat replacement, helping manufacturers lower operational costs and increase machine uptime.
- User-Friendly Design: The LaserSlat SAVER™ is compatible with a wide range of laser cutting machines and is designed for ease of use, allowing operators to quickly clean slats without removing them from the table, thereby reducing labor requirements and improving production efficiency.
- Global Investment: Richardson Electronics continues to invest in expanding its engineered solutions portfolio globally, showcasing its new product at the FEIMEC 2026 exhibition, further solidifying its commitment to enhancing performance and reliability in demanding industrial environments.
See More
