Exergonix Inc, is an energy storage company based in Kansas City, Missouri. It was founded in 2010, after spinning out of Kokam America, Inc., which was acquired by Dow Chemical Company in 2009. Exergonix develops, manufactures and deploys community-level and grid energy storage to supply peak-shaving, demand-management, and smart grid capabilities to the grid and micro-grid.
Exergonix Inc, is an energy storage company that develops and builds renewable energy solutions for a wide range of applications which was acquired by Dow Chemical Company in 2009. 
it was neither because develops and builds renewable energy solutions for a wide range of applications was not mentioned in the passage, although true, it should not have been marked incorrect but because of the mixing of the details the AI marked it as such.