Microvast Wins Contract to Supply 1.2GWh Battery Energy Storage Project in the United States
Microvast will present its BESS ME-4300 container resolution for a 1.2GWh battery vitality storage venture positioned at a photo voltaic facility in the USA.
HOUSTON, Texas, December 7, 2022 — Microvast Holdings, Inc. (NASDAQ: MVST), a know-how innovator that designs, develops, and manufactures lithium-ion battery options, right this moment introduced that its vitality division has secured a contract to provide a utility-scale battery vitality storage system (BESS ) to a US buyer.
Microvast will present its BESS ME-4300 container resolution for a 1.2GWh battery vitality storage venture positioned at a photo voltaic facility in the USA. Microvast’s BESS ME-4300 container resolution consists of an industry-leading 4.3MWh vitality density per 20-foot container and anticipated battery lifetime of greater than 10,000 cycles utilizing a 53.5Ah NMC cell Microvast know-how. Container shipments are anticipated to start arriving on the venture website in 2023 and the industrial operation date is anticipated to be in 2024.
“Buyer response to our lately launched ME-4300 resolution has been very promising and we’re excited to be chosen as a key provider for one of many largest vitality storage initiatives in the USA, ” stated Zach Ward, President of Microvast Power. “This venture will assist place Microvast as a frontrunner within the utility-scale vitality storage market whereas decreasing carbon emissions and serving to native utilities meet rising electrical energy demand.” The battery cells produced at Microvast’s facility in Clarksville, Tennessee are additionally anticipated to qualify as home content material beneath the Inflation Discount Act (IRA), which can enhance the anticipated advantages from the venture for Microvast and its prospects. “Our vitality division did a wonderful job in successful this landmark venture for Microvast,” stated Shane Smith, Chief Working Officer of Microvast. “The anticipated quantity from this venture will make the most of a big quantity of capability at our battery cell manufacturing facility in Clarksville, Tennessee and is anticipated to be one of many first initiatives in a strong grid-scale pipeline. vitality storage initiatives to incorporate battery cells. made in America.”
About Microvast
Based in Houston, Texas in 2006 as a analysis and know-how pushed firm, Microvast has change into a world chief within the design, improvement and manufacture of battery options for cellular and stationary purposes. Microvast gives a broad portfolio of accelerating lithium-ion battery options, with completely different chemistries, efficiency traits and value factors to fulfill the various wants of its buyer base. Microvast is famend for its cutting-edge cell know-how and its vertical integration capabilities, which vary from core battery chemistry (cathode, anode, electrolyte, and separator) to battery cells, modules and packs. Since placing the primary battery programs into operation on electrical buses greater than a decade in the past, Microvast has expanded its enterprise to serve a variety of business, passenger and particular automobiles, together with mining, materials dealing with, and vehicles and electrical gear, in addition to grid-scale vitality storage purposes.
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