A three-year supply agreement for “no less than 19 million lithium batteries” has been signed between SimpliPhi Power and CBAK Energy Technology.
California-based SimpliPhi will buy the industry-standard 26650 lithium batteries for the period starting this year.
SimpliPhi said its storage system components “are UL certified and have been rigorously tested and deployed by the U.S. Army and Marine Corps”.
CBAK— the first Chinese lithium battery company to be listed in the US— will supply the batteries through its wholly owned subsidiary, Dalian CBAK.
CBAK CEO Yunfei Li said: “This large-quantity purchase contract encourages us to continue investment in the R&D of lithium batteries and expansion of battery production lines. It is a good beginning for year 2019 and, with the surging energy storage, we believe we will enter into more lithium battery agreements.”
In 2017, SimpliPhi entered into a partnership with CivicSolar, in order to bring their latest lithium ferrous phosphate ESS to market.