The Energy Storage Report 2024

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

Wärtsilä ties up with Eve, Powin eyes 5GWh US supply by 2025

LinkedIn
Twitter
Reddit
Facebook
Email

System integrator Wärtsilä has signed an MSA with Eve Energy while peer Powin is targeting 5GWh of US-made BESS equipment in its supply chain by 2025.

Finland-headquartered Wärtsilä has signed a “large, multi-year supply agreement” (MSA) with Eve Energy, a lithium-ion battery cell supplier. It did not reveal the size of the deal, only saying it support its pipeline of energy storage projects exceeds 3.5GW/7GWh either awarded, contracted or in deployment globally.

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

“Our partnership with EVE Energy is one of several strategic measures Wärtsilä is taking to diversify and strengthen our supply chain in response to industry-wide disruptions over the last few years,” said Andrew Tang, vice-President of Energy Storage & Optimisation at Wärtsilä, in the announcement today (12 September).

In concurrent news, Oregon-headquartered system integrator Powin has said it intends to source 5GWh of US-made battery technology and components annually starting in 2025, though its announcement didn’t give much specific detail.

The company said it is collaborating with new contract manufacturers for the assembly and integration of Powin’s Stack750 Energy and Collection segments. It already signed up with US-based manufacturer Jabil for this earlier this year.

It also said it would be sourcing HVAC (Heating, Ventilation, and Air Conditioning) systems exclusively from US-based manufacturers.

Powin also said it is “taking decisive steps to shape the future of energy storage in America by securing supply agreements with key partners that are expanding manufacturing capabilities in Tennessee, Georgia, and South Carolina.”

It didn’t reveal what company or product that part of the announcement referred to. Microvast is expanding its Tennessee gigafactory in Q4 this year, Norway-based Freyr has chosen Georgia for its first US gifactory, while Turkey-based Pomega, which Energy-Storage.news interviewed earlier this year, is building a cell and ESS gigafactory in South Carolina.

Since the Inflation Reduction Act was passed a year ago, US$270 billion of US clean energy investment has been announced, much of it in upstream manufacturing, according to trade body the American Clean Power Association (ACP).

Our publisher Solar Media is hosting the10th Solar and Storage Finance USA conference, 7-8 November 2023 at the New Yorker Hotel, New York. Topics ranging from the Inflation Reduction Act to optimising asset revenues, the financing landscape in 2023 and much more will be discussed.See the official site for more details.

Read Next

February 29, 2024
EDF Renewables North America has signed a PPA with California utility Southern California Public Power Authority (SCPPA) for part of the offtake of a solar-plus-storage project in neighbouring Nevada with a 780MWh BESS.
February 28, 2024
Spain and the Netherlands have launched subsidy schemes to support domestic manufacturing of clean energy technologies, including batteries and solar PV modules.
February 27, 2024
US$150 million has been raised in a Series B by Antora Energy, a US-based startup with a novel ‘thermal battery’ technology claimed to be suitable for decarbonising industrial processes.
February 23, 2024
A roundup of energy storage news announcements from Energy Vault, Mitsubishi Power Americas and Tesla.
February 22, 2024
Trina Storage, the energy storage arm of major solar PV company Trina Solar, launched its new battery storage solution Elementa 2, to the global market at this year’s Energy Storage Summit EU.

Most Popular

Email Newsletter