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Applied Energistics 2 is a mod created by AlgorithmX2 designed to compactly store items in a digital network called Matter Energy, or ME (pronounced Emm-Eee). It is the new and overhauled version of the original Applied Energistics mod. Different devices can be connected to the ME Network, such as an ME Drive, for the storage of items, or an ME Terminal, allowing for access to that storage.
As of September 23, 2014, AlgorithmX2 has resigned as the developer of Applied Energistics 2 and made the mod open source on GitHub.