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Council OKs tax break for plant expansion

A property tax break for a battery manufacturer, AEsir Technologies LLC, for a current expansion of its plant for production of its nickel-zinc batteries won approval Monday night from the ....

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AEsir Technologies Selects Rapid City, South Dakota, for Gigafactory Location

AEsir Technologies Selects Rapid City, South Dakota, for Gigafactory Location
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ZAF Energy Spins off Æsir Technologies

ZAF Energy Spins off Æsir Technologies
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JOPLIN, Mo., Jan. 14, 2021 /PRNewswire/ ZAF Energy Systems, Inc., announced today the spinoff of Æsir Technologies, Inc., to provide advanced energy storage solutions to the specialty markets of aerospace, defense, medical, and critical infrastructure.
Prior to Jan 01, 2021, Æsir had been a wholly owned subsidiary of ZAF. On Jan 01, 2021, this rearrangement takes the form of divestiture by ZAF of Æsir and an asset transfer from ZAF to Æsir of all its assets and operating employees. The legal definition of the relationship between ZAF and Æsir is known as a Section 355 spinoff. ....

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