Manz AG has signed an agreement with China’s Shenzhen Yinghe Technology for strategic cooperation in lithium-ion cell and module production.

Manufacturing equipment supplier Manz AG said 25% of its revenues for the first nine months of this year came from its energy storage segment, despite the ill effects of a large order being stopped.

Energy storage manufacturing is the fastest growing business unit for tool maker Manz, the company has told PV Tech Storage.

Some news in brief from around the world of energy storage this week: Manz underlines positive assessment of energy storage sector with US$55 million deals, Sonnenbatterie backs US push with investment from INVEN Capital, local sources report AES wants to build 250MW of projects in Philippines.