EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries. It also provides motive power products that are used to provide power for electric industrial forklifts used in manufacturing, warehousing, and other material handling applications, as well as mining equipment, diesel locomotive starting, and other rail equipment. In addition, the company offers specialty batteries for starting, lighting, and ignition applications in transportation; and energy solutions for satellites, military aircraft, submarines, ships, and other tactical vehicles, as well as medical and security systems. Further, it provides battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. The company sells its products through a network of distributors, independent representatives, and internal sales forces. The company was formerly known as Yuasa, Inc. and changed its name to EnerSys in January 2001. EnerSys was incorporated in 2000 and is headquartered in Reading, Pennsylvania.
AI Generated Analysis | Feedback
Here are 1-3 brief analogies for EnerSys:
- EnerSys is like the Duracell or Energizer for industrial equipment, data centers, and telecommunications infrastructure.
- EnerSys is like the Eaton or Schneider Electric of industrial batteries and power storage solutions.
AI Generated Analysis | Feedback
- Motive Power Batteries: Advanced lead-acid (Thin Plate Pure Lead, flooded) and lithium-ion batteries used to power material handling equipment like forklifts and automated guided vehicles.
- Reserve Power Batteries: Lead-acid (VRLA, flooded) and lithium-ion batteries providing backup power for telecommunications, data centers, utilities, and other critical infrastructure.
- Specialty Batteries: High-performance batteries designed for demanding applications in aerospace, defense, medical devices, and heavy-duty vehicles.
- Battery Chargers and Power Systems: A range of high-frequency chargers, DC power systems, rectifiers, and inverters that complement their battery solutions and provide comprehensive energy management.
- Integrated Power Solutions: Complete systems combining batteries, chargers, power electronics, and battery management software for various industrial applications.
- Battery Services: Comprehensive services including installation, preventative maintenance, monitoring, repair, and recycling programs for their battery and power system offerings.
AI Generated Analysis | Feedback
EnerSys (ENS) Major Customers
EnerSys (symbol: ENS) primarily sells its advanced stored energy solutions to other businesses (B2B) across a wide range of industrial applications globally.
EnerSys explicitly states in its annual reports (e.g., 10-K filings) that it has a highly diversified customer base, and **no single customer accounted for 10% or more of its net sales** in recent fiscal years. Therefore, specific names of individual "major customer companies" that would typically be disclosed due to revenue concentration are not publicly identified.
Instead, EnerSys serves a broad array of companies within the following key sectors, categorized by its main segments:
- Motive Power Segment Customers: These customers primarily utilize batteries, chargers, and accessories for industrial lift trucks (forklifts), automated guided vehicles (AGVs), ground support equipment, mining equipment, and commercial vehicles. They operate across various industries, including:
- Manufacturing companies
- Distribution and logistics companies
- Retail chains with large warehousing operations
- Food and beverage companies
- Agriculture businesses
- Reserve Power Segment Customers: These customers require highly reliable stationary battery solutions for backup power in critical applications. This segment includes:
- Telecommunications companies
- Utilities (electricity generation and distribution)
- Broadband and cable service providers
- Data centers
- Original Equipment Manufacturers (OEMs) that integrate EnerSys batteries into their products, such as uninterruptible power systems (UPS) manufacturers and switchgear manufacturers.
- Specialty Segment Customers: This segment encompasses customers with specialized power needs for unique applications, including:
- Defense contractors and military organizations (for military aircraft, submarines, and tactical vehicles)
- Medical equipment manufacturers
- Commercial aircraft manufacturers and operators
- Satellite operators
- Other niche industrial applications
AI Generated Analysis | Feedback
Shawn O'Connell
President and Chief Executive Officer
Shawn O'Connell has served as President and Chief Executive Officer of EnerSys since May 23, 2025. Prior to this role, he was President and Chief Operating Officer from November 2024 to May 2025. He has held various other senior leadership positions within EnerSys since joining the company in 2011, including President, Energy Systems Global, President, Motive Power Global, and President, Motive Power Americas. Mr. O'Connell began his career in the energy storage industry in 1997 and was first involved with EnerSys as an outside channel partner in 2003. He serves as a Director of several EnerSys subsidiaries, is Vice Chairman of the Board of Directors of Battery Council International, and is on the Board of Directors for the Association of European Automotive and Industrial Battery Manufacturers (EUROBAT). He holds a Master of Business Administration in International Business from the University of Redlands, CA, and a Bachelor of Arts in English Literature from California State University, San Bernardino. He is also a veteran of the U.S. Army's 82nd Airborne Division.
Andrea J. Funk
Executive Vice President and Chief Financial Officer
Andrea (Andi) Funk has served as Executive Vice President and Chief Financial Officer of EnerSys since April 1, 2022. She joined EnerSys in December 2018 as Vice President Finance - Americas. Before joining EnerSys, Ms. Funk served as Chief Executive Officer for Cambridge Lee Industries LLC, an international manufacturing and distribution company, from 2013 to 2018, and as its Chief Financial Officer and Treasurer from 2011 to 2013. She is an independent director of Crown Holdings (NYSE: CCK) and serves on the Board of Directors of TouchPoint, Inc. Ms. Funk holds a Master of Business Administration degree from The Wharton School of Business and a Bachelor of Science degree in accounting from Villanova University, and was a certified public accountant. Her diverse experience includes leading business development, manufacturing, corporate finance (including restructuring loans and taking a company out of Chapter 11 bankruptcy), and C-suite leadership.
Joern Tinnemeyer
Chief Technology Officer
Joern Tinnemeyer has been the Chief Technology Officer of EnerSys since 2017. He also serves as the Chairman at NaatBatt. Prior to his current role, he served as Vice President and Chief Technology Officer for the company.
Philipp Michalsky
Senior Vice President & Chief Information Officer
Philipp Michalsky has been the Chief Information Officer of EnerSys since 2021. He previously served as a Director of IT for EnerSys' EMEA region from 2016 to 2021. Before joining EnerSys, Mr. Michalsky served as the Director of Business Systems at Jacob Holm & Sons.
Mark Matthews
President, Specialty, Global
Mark Matthews serves as the President, Specialty, Global at EnerSys. He is also listed as Senior Vice President in other sources.
AI Generated Analysis | Feedback
EnerSys (ENS) operates in several key markets for its industrial stored energy solutions:
-
Motive Power: This segment focuses on batteries and charging systems for electric forklifts, mining equipment, and other commercial and industrial electric-powered vehicles.
- The global addressable market for motive power is estimated at approximately $6.8 billion (as of March 2025, for FY24).
- The global motive power battery market size was valued at USD 14.7 billion in 2024 and is projected to reach USD 29.72 billion by 2032.
- In North America, motive power sales exceeded $1.2 billion in 2022 and are forecasted to reach about $1.5 billion by 2025.
-
Energy Systems (Reserve Power): This segment provides integrated power solutions, including uninterruptible power systems (UPS), large-scale energy storage, and thermally managed enclosures, for critical infrastructure such as data centers, telecommunications networks, industrial facilities, and electric utilities.
- EnerSys estimates the total addressable market for its Energy Systems segment to be $20 billion (as of February 2025).
- The global reserve power battery market was valued at USD 51.5 billion in 2023 and is projected to reach USD 248.6 billion by 2031.
-
Specialty Systems: This line of business delivers mission-critical energy storage solutions for demanding applications, including high-performance automotive, over-the-road trucks, satellites, spacecraft, commercial aircraft, and military/defense systems.
- The global specialty battery market size was valued at USD 2.97 billion in 2024 and is expected to reach USD 5.24 billion by 2034. Other reports indicate the global specialty battery market was USD 3.6 billion in 2024, expected to reach USD 3.8 billion in 2025, or USD 99.4 billion in 2024, predicted to reach around USD 228.91 billion by 2034.
- The North America specialty battery market size was estimated at USD 1.10 billion in 2024 and is expected to reach around USD 1.93 billion by 2034.
- The Asia-Pacific specialty battery market was valued at USD 0.74 billion in 2024 and is projected to hit around USD 1.30 billion by 2034.
- The LAMEA (Latin America, Middle East, and Africa) specialty battery market was valued at USD 0.32 billion in 2024 and is anticipated to reach around USD 0.56 billion by 2034.
AI Generated Analysis | Feedback
EnerSys (ENS) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Growth in Data Center and Communications Markets: EnerSys anticipates continued revenue growth from its Energy Systems segment, fueled by robust demand in data centers and a recovery in the U.S. communications market. This growth is driven by global megatrends such as digitization, electrification, and automation, which necessitate reliable energy solutions for infrastructure upgrades and the expansion of digital infrastructure, including artificial intelligence (AI) applications.
- Strategic Acquisitions: Acquisitions, such as that of Bren-Tronics, are contributing significantly to EnerSys's revenue, particularly within the Specialty segment. This integration is boosting sales and expanding the company's offerings in critical areas.
- Expansion of Lithium-ion Product Portfolio and Production: EnerSys is actively investing in and expanding its lithium-ion product offerings, including plans for a domestic lithium-ion gigafactory. The increasing sales of lithium products are expected to be a substantial driver of future revenue as the company caters to the growing demand for advanced energy storage solutions.
- Demand for Advanced Motive Power Solutions: The Motive Power segment is poised for growth due to the strong market appetite for automation, electrification, and decarbonization. EnerSys's proprietary maintenance-free and wireless charging solutions are specifically designed to meet these evolving customer needs, contributing to revenue expansion in this area.
- Strength in Aerospace and Defense: The Specialty segment is experiencing robust demand, particularly from the aerospace and defense sectors. This sustained strength is expected to continue driving revenue growth for EnerSys.
AI Generated Analysis | Feedback
Share Repurchases
- EnerSys's Board of Directors approved a $1 billion increase to its stock repurchase authorization in August 2025, to be executed over the next five years, bringing the total outstanding authorization to $1.06 billion.
- The company returned $192 million to shareholders through share repurchases and dividends in fiscal year 2025, including $40.0 million in share repurchases during the fourth quarter of fiscal 2025.
- In the first six months of fiscal year 2026, EnerSys repurchased $67.7 million in shares, and an additional $37 million in October 2025, leaving $958 million remaining in the buyback authorization as of November 4, 2025.
Share Issuance
- EnerSys issued 383,834 shares under equity-based compensation plans, net of equity awards surrendered for option price and taxes, as of September 28, 2025.
- As of March 31, 2025, the company had 56,839,590 shares issued.
Outbound Investments
- EnerSys completed the all-cash acquisition of Bren-Tronics for approximately $208 million in July 2024.
- The acquisition of Bren-Tronics expands EnerSys' presence in the defense market and strengthens its lithium product offerings.
Capital Expenditures
- Capital expenditures totaled approximately $121 million in fiscal year 2025 and cumulatively around $320 million from fiscal years 2021 to 2024, focusing on continued Thin Plate Pure Lead (TPPL) capacity investments and end-to-end solutions.
- For the first six months of fiscal year 2026, capital expenditures were $53.9 million.
- EnerSys plans to invest $6.7 million to expand operations in Sumter County, South Carolina, and $4.5 million to expand flooded lead battery production capacity in its Bielsko-Biala, Poland facility, both aimed at meeting demand for lithium, flooded, and TPPL battery products.
