Powin Energy has signed its latest multiple gigawatt-hour deal with a major battery manufacturer, with some of the supplied cells to be used in its Waratah Super Battery project.
The US-headquartered energy storage system integrator said yesterday (15 June) that it has sealed a 10GWh supply agreement with Chinese Tier 1 manufacturer EVE Energy.
It’s Powin’s second multi-year deal with EVE, following a two-year “gigawatt-scale” contract in 2021. While the exact size of that deal was not disclosed at the time, Powin said EVE’s cells would be used in nearly 500MWh of projects during that year.
Powin Energy executive VP Danny Lu told Energy-Storage.news in 2021 that his company had “every intention” of renewing its contract with the manufacturer after the two year term, and it looks as though that has played out as expected.
Reasons given for selecting the supplier at the time included its 20-year performance guarantee, but also that EVE met a criteria of being able to provide lithium battery cells with the right prismatic form factor to drop into Powin’s rack and module designs for its battery energy storage system (BESS) solutions.
“By combining Powin’s deep industry expertise with our state-of-the-art LFP battery technology, we are poised to deliver sustainable energy storage solutions at an unprecedented scale,” EVE Energy VP Steve Chen said yesterday.
EVE Energy is currently in the process of opening six new battery production plants with annual capacity of 60GWh, targeting reaching 200GWh annual capacity, which would make it among the biggest players in the industry today. It serves multiple battery markets with products that include consumer electronics, prismatic LFP cells, pouch NMC cells, and many more.
For Powin, it also marks the next step in its work to deliver the Waratah Super Battery, which is being constructed in New South Wales. The project, described by the government of the Australian state as like being a “giant shock absorber” for the electricity grid, will be contracted to supply 700MW/1,400MWh of system protection from events that can cause disruptions, such as lightning strikes. It is anticipated that the BESS itself will be sized larger than that to be able to capture merchant market opportunities too.