US-based battery storage firm Powin has secured a 1.85GWh supply pipeline of lithium-iron-phosphate (LFP) cells from Chinese battery maker Contemporary Amperex Technology Limited (CATL).
CATL will supply the cells into 2022 for Powin’s Stack modular battery energy storage systems, which are utilised in various utility scale, commercial, and industrial battery energy storage systems— “including the largest batteries in both Canada and Mexico”.
Powin senior VP Danny Lu said: “As the storage industry matures, we believe shortages of top-quality lithium-ion batteries for BESS will become a challenge to the industry. Powin is taking proactive steps to mitigate that risk by securing strategic supply agreements to meet the demand of our growing project backlog and pipeline.”
Oregon-based Powin was founded in 1990 to develop “an advanced, safe and scalable” BESS. The company said it also has contracts with other suppliers for cells used in its Stack 140 product.
In 2018, CATL opened its first North American sales and service facility, in Detroit, Michigan, looking to stake its claim on the US battery market.