Energy storage firm Imergy Power Systems (Imergy) and manufacturing services provider Foxsemicon have signed a manufacturing partnership for Imergy’s flow batteries.
Taiwanese Foxsemicon will supply Imergy with manufacturing, assembly and test services for the company’s complete energy storage product portfolio.
“By partnering with Foxsemicon, Imergy will benefit from their vertical integration, strong process control and economies of scale,” said Tim Harris, senior vice president global manufacturing for Imergy. The California-based flow battery maker also expects to shorten the time to market with the deal.
“The relationship will allow Foxsemicon to further expand its strength in the energy storage industry,” said Jackson Hwang, Foxsemicon’s president of CM Business.
Imergy launched a vanadium flow battery costing $300/kWh last week. The battery uses contaminated vanadium extracted from fly ash waste that reduces the cost, which is almost half the current industry standard.
The startup plans to introduce a modular flow battery that can store 1MWh of electricity by next year. The company’s products are designed for applications covering small-scale telecommunications and transportation infrastructures to larger scale applications and according to Imergy, “last forever”.
