Efficient and resilient energy storage systems have become vital to building a clean, secure, and reliable power grid.

Microvast is receiving more purchase orders from the US energy storage market than it can produce, the battery cell, pack and energy storage system manufacturer has said.

Lithium-ion battery and energy storage system (ESS) manufacturer Microvast has announced plans to set up an ESS manufacturing plant in Colorado, US, which will be operational this year.

The US Department of Energy (DOE) has cancelled a US$200 million grant application from lithium-ion battery firm Microvast, which rejected any links to the Chinese government.

Technology innovator Microvast recently launched its new Energy Division with the release of an industry-leading battery energy storage system.