The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Pylontech in JV with system integrator for ESS battery gigafactory in Italy

LinkedIn
Twitter
Reddit
Facebook
Email

System integrator Energy SpA and its vertically integrated peer Pylon Technologies (Pylontech) have formed a joint venture (JV) to set up a gigafactory in Italy producing batteries for energy storage.

The Italy and China-based companies (respectively) have set up the JV entity Pylon LiFeEU S.r.l, Energy announced on the Italian stock exchange today (18 May).

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

Through the JV, the firms will set up a facility producing lithium iron phosphate (LFP) batteries at Energy’s existing facility in Sant’Angelo di Piove di Sacco, set to be operational by the end of 2023.

After that, the two will then build a gigafactory at the same site which will have an eventual production capacity of between 1,095MWh and 1,460MWh annually (based on producing 600-800 batteries a day totalling 3-4MWh of capacity).

However, Energy’s media statement indicated that, at least at first, the capacity would be going towards its own energy storage products, which it deploys across the residential, commercial and grid-scale segments.

“The transaction will position Energy as the only Italian company to manufacture the energy storage system and storage batteries in-house,” it said.

Jinpeng “Geoffrey” Song, Vice President of Pylontech’s international business, adds: “It is an important step for Pylontech to start localised production, as our partners, especially in Europe, are eager to have a more secure and stable supply chain.”

As Energy-Storage.news has written recently, the Italian grid-scale market looks set to take off in the next few years after being virtually non-existent until now. The commercial and industrial (C&I) sector is also relatively small.

However, the residential market has boomed – second-only to Germany by annual deployments – thanks to the inclusion of a energy storage as an eligible technology in a 110% tax credit for energy efficiency renovation, dubbed the ‘superbonus’.

Pylontech produces both lithium-ion battery cells and BESS units and listed on the Shanghai Stock Exchange two years ago, when it announced it would have 4GWh of BESS production capacity by 2024.

Read Next

Premium
April 10, 2024
The BESS industry is looking at ways to leverage the 45x tax credit for domestic cell manufacturing in the US, with the domestic content investment tax credit (ITC) bonus still unclear.
April 4, 2024
Battery manufacturer LG Energy Solution has started construction on its gigafactory in Arizona, US, which will have 17GWh of production dedicated to the energy storage system (ESS) market.
April 2, 2024
Europe has seen its first year when energy storage deployments by power capacity exceeded 10GW in 2023.
Premium
April 2, 2024
Big investments are being made into the battery recycling sector in Europe as the continent looks to increase the domestic supply of critical materials for its lithium-ion gigafactory projects.
April 2, 2024
Energy-Storage.news proudly presents our webinar with ATS Automation, on what it takes to create mass production facilities for grid battery storage.

Most Popular

Email Newsletter