Powin, a manufacturer of scalable battery energy storage systems, signed a two-year master supply agreement with EVE Energy Co. (EVE), a lithium battery development company, which will become a strategic battery cell supplier for Powin’s Stack products.
According to Powin, the move was made in light of global supply chain challenges and will help ensure that restrictions do not adversely affect the company.
Under the agreement, EVE will supply the same standard form factor of cell that Powin has previously used. Powin said it has secured customer commitments to deliver nearly 500 MWh of Powin Stack products using EVE cells in 2021.
“Powin’s due diligence process reviewed EVE’s cell designs, supply chain, factory processes, R&D capability, financial strength and safety and quality controls and concluded that EVE should be considered in the same class as other Tier 1 cell vendors,” said Geoff Brown, CEO of Powin.
Stack360 will be Powin’s first product to use EVE cells. Production will begin in August, with deliveries scheduled through the end of the year.
Analyst firm Guidehouse Insights recently ranked Powin as a leading utility-scale energy storage system integrator, along with Tesla, Fluence, RES, and other market players.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.