American Battery Solutions and EVE Energy Establish Master Supply Agreement (MSA) for Prismatic LFP Cells in the TeraStor™ BESS System
MUNICH, Germany, June 16, 2023 (GLOBE NEWSWIRE) -- This week at The smarter E Europe exhibition, American Battery Solutions, Inc.’s Energy Storage Solutions division (ABS ESS; exhibitor stand B2.476), manufacturer of the ultra-high-density TeraStor™ battery energy storage platform, announced a strategic partnership with EVE Energy (EVE), a distinguished global supplier of high-quality battery cells.
Under this agreement for prismatic LFP cells, ABS ESS and EVE have confirmed raw material supply and production capacity that will support a portion of ABS ESS’s impressive plans to deploy over 30 GWh of their innovative energy storage architecture over the next three years. The current terms grant ABS ESS access to more than 100 MWh of manufactured cell capacity per week—which equates to 5 GWh per year—ensuring a steady supply to meet much of the growing demand for their large-scale TeraStor™ BESS solution.
“Our collaboration has been in progress for the past year, with an initial agreement reached in Q4 of 2022,” said Steven Chen, Vice President of EVE Energy Co. Ltd. “Extended warranty terms were finalized in Q1 of 2023, and we are very happy to announce this partnership now.” In line with ABS ESS’s commitment to providing customers with an unrivaled level of service and support, the agreement enables robust extended capacity and availability guarantees that last up to 20 years for ABS ESS customers.
ABS ESS selected EVE cells for their market acceptance and exceptional reliability. Both of the following recent announcements from ABS ESS used EVE-sourced cells in their related studies:
- TeraStor™ BESS system reliability analysis, conducted by Reliant Labs, confirming an unrivaled predicted 99.999% (5-nines) reliability
- TeraStor™ 9540A module-level testing, demonstrating efficacy of architected safety features
"ABS ESS is excited to join forces with EVE in our mission to deliver reliable energy storage solutions that enable a sustainable energy future," said Rick Cwiakala, Vice President of Operations. "Through this strategic partnership and MSA, we are well-positioned to meet much of the growing demand for the TeraStor™ and for our additional forthcoming systems that are purpose-built for execution of further energy storage scenarios.”
ABS ESS maintains flexibility in its supply chain, with the ability to source additional new and future cells from EVE and other high-quality suppliers. The extended warranty options and flexible energy assurance plans demonstrate the company’s commitment to delivering revolutionary energy storage solutions at the highest quality and greatest total lifetime value to customers. For more information on American Battery Solutions’ Energy Storage Division and the 7.2 MWh (600MWh/acre) TeraStor™, please visit https://www.americanbatterysolutions.com/ess/ess-home.
About American Battery Solutions’ Energy Storage Solutions Division
American Battery Solutions, Inc.’s Energy Storage Solutions division is a pioneering provider of advanced energy storage solutions. The company designs, develops and manufactures cutting-edge systems, empowering customers to harness the full potential of renewable energy and optimize energy management. With a steadfast commitment to value, reliability, sustainability and innovation, the ABS ESS team of industry veterans aims to revolutionize the energy storage landscape.
Contact
ESS Media Relations
American Battery Solutions
2 Cabot Road, Hudson, MA 01749 USA
ess_media@americanbatterysolutions.com
About EVE Energy
Founded in 2001 and listed in Shenzhen in 2009, EVE Energy has developed into a global player in the battery cell market. The company’s research institute has obtained over 5,870 national patents in China, with 60 doctors and more than 3,100 interdisciplinary R&D engineers in materials, electrochemistry, structure design and electronic circuit design on staff. The company launched a carbon reduction roadmap, saved a total of 2,533 tons of standard coal, reduced 16,000 tons of annual CO2 emissions and was named a "National Green Factory.” For more information about EVE Energy’s prismatic LFP cell technology, please visit https://www.evebattery.com/en/prismatic-lfp-cell.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin