The Winners Are Set to Be Announced for the Energy Storage Awards!

Energy Storage Awards, 21 November 2024, Hilton London Bankside

Powin agrees 3GWh supply deal with Tier 2 battery supplier Rept

LinkedIn
Twitter
Reddit
Facebook
Email

Battery energy storage system (BESS) integrator Powin has announced a 3GWh purchase agreement with China-based lithium-ion battery supplier Rept.

Rept Battero, part of stainless steel and nickel firm Tsingshan Industry, has been validated as a supplier for Oregon-based Powin and will provide the firm with over 3GWh of lithium iron phosphate (LFP) battery cells in the next 12 months.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“As demand for electric vehicles and stationary storage continues to surge, building a diverse network of highly qualified suppliers is essential. REPT not only meets our extensive safety and performance requirements but also has the financial backing investment strategy and global footprint needed to successfully keep up with this booming industry,” said Stuart Bolland, Powin’s chief operating officer.

Rept is currently ranked as a Tier 2 suppler in Benchmark Mineral Intelligence’s widely-cited Tier system. Benchmark’s Tier 1 suppliers are CATL, Envision, BYD, LG Energy Solution, Panasonic, Samsung, SK Innovation and, as of mid-2022, Northvolt and Sunwoda.

Powin said Rept’s batteries have “…excelled at meeting key industry safety standards of UL1642, UL9540a, and UL1973, but have also fulfilled all the requirements put forth by Powin’s own evaluation framework”.

Powin’s previously-announced battery supply deals have been with a mix of Tier 1 and non-Tier 1. In 2020 it announced a procurement deal with CATL while it tied up deals with EVE Energy in 2021 and Norway-based company Freyr last year, with aims to start production in 2024.

The company has a battery lab in its home state, which it recently expanded, where it can test battery cell performance of lithium-ion technology but also newer chemistries which haven’t yet penetrated the grid-scale segment.

When asked about the firm’s approach to technology during a wide-ranging interview at Energy Storage Summit USA last month, Powin president Anthony Carroll told Energy-Storage.news:

“We have no concern around our LFP technology. If anything, I want to make sure that if somebody comes up with the next cool thing I want to either own it, think of it or buy it, so I don’t get outsmarted by another company.”

Read more news about Powin and its projects here, including the start of construction on the first utility-scale BESS in Idaho, its 1GW UK pipeline and groundbreaking on a 1.9GWh BESS in Australia, billed as the largest in the world.

The company has 6GWh of BESS in operation or construction and an additional contracted pipeline of 11GWh.

Rept recently revealed plans to IPO later in 2023.

Energy-Storage.news’ publisher Solar Media will host the 1st Energy Storage Summit Asia, 11-12 July 2023 in Singapore. The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.

Read Next

November 14, 2024
The US battery storage system integrator arm of Korean battery manufacturer LG Energy Solution (LG ES) has signed a 4-year supply deal with developer Terra-Gen.
November 13, 2024
Following the Trump victory in the 2024 US presidential election, Energy-Storage.news has gathered analysts’ and industry comments.  
November 1, 2024
A 100MW thermal solar and molten salt energy storage system in Xinjiang, China, is set to be completed and grid-connected by the end of the year, part of a project which has deployed conventional solar PV.
Premium
October 30, 2024
ESN Premium’s canvassing of election views from North America’s biggest clean energy trade event concludes.
Premium
October 29, 2024
Decision day in the US presidential election is just around the corner, and ESN Premium continues to bring you industry views and analysis.

Most Popular

Email Newsletter