MBAK Energy Solutions Inc.

MBAK Energy Solutions Inc. is a company focused on the development, manufacturing, and commercialization of non-fossil fuel energy products. The company's mission is to provide clean energy solutions that address current needs without compromising future generations. Headquartered in Wilmington, North Carolina, MBAK Energy Solutions was founded in 2000 and was formerly known as Alternet Systems, Inc., rebranding in 2025.

The company specializes in the design and production of lithium, sodium, and solid-state batteries for a diverse range of applications, including industrial, medical, portable electronics, and electric vehicles (EVs). MBAK Energy Solutions also develops Battery Energy Storage Systems (BESS) for power grids and commercial use, and manufactures electric two- and three-wheeler personal transports, such as e-taxi bikes. Additionally, its product portfolio includes power banks, off-grid generators, and various portable electronic devices. The company is also exploring carbon capture solutions and hydrogen production.

In recent developments, MBAK Energy Solutions secured firm production orders totaling $65 million for 2026, including an expanded 350 MWh BESS contract for an Indian power grid customer, with deliveries commencing in late 2025 and early 2026. The company has also begun deliveries of e-bicycles to a French customer and BESS units to Zambia in March 2026, and has partnered with LETSATSI Power in Zambia. Led by CEO Dietmar Schweizer and Chairman Michelle Boos, MBAK Energy Solutions announced a $500,000 share repurchase plan in February 2026, aiming to enhance shareholder value. The company trades publicly on the OTC Markets under the ticker symbol MBAK.