American Battery Solutions has partnered with lithium-ion battery manufacturer Eve Energy to procure 5GWh of LFP lithium-ion cells a year for its TeraStor platform.
The master supply agreement (MSA) will see American Battery Solutions (ABS ESS) procure 5GWh of lithium iron phosphate (LFP) battery cells from China-based Eve for its grid-scale energy storage system (ESS) platform. TeraStor was launched last year, reported by Energy-Storage.news at the time.
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It will help ABS ESS to deploy its 30GWh of targeted projects over the next three years. The company was formed in 2018 with the acquisition of the manufacturing and testing assets from Robert Bosch Battery Systems, funded by investor KCK Group. ABS ESS also serves the EV market.
It has a 16,000 square metre facility in Ohio, inherited from the Robert Bosch deal, which has been assembling lithium-ion battery packs for the EV sector since 2009.
“Our collaboration has been in progress for the past year, with an initial agreement reached in Q4 of 2022,” said Steven Chen, Vice President of EVE Energy Co. Ltd. “Extended warranty terms were finalized in Q1 of 2023, and we are very happy to announce this partnership now.”
Rick Cwiakala, VP operations for ABS ESS, added: “Through this strategic partnership and MSA, we are well-positioned to meet much of the growing demand for the TeraStor and for our additional forthcoming systems that are purpose-built for execution of further energy storage scenarios”.
Eve Energy is a Tier 2 battery supplier according to a Benchmark Mineral Intelligence ranking from 2022. Tier 1 companies including CATL, LG Chem, Samsung SDI, BYD and European firm Northvolt.
The deal with ABS ESS was Eve’s second big offtake agreement announced last week – when the industry convened at Ees Europe 2023 in Munich, Germany – after it committed to providing system integrator Powin with 10GWh of batteries for projects around the world.