Will hithium supply 1gwh of lithium-ion batteries to perfect power?

Image: Business Wire. China-based lithium-ion battery manufacturer Hithium has agreed to supply 1GWh of products to US energy storage project developer Perfect Power through a memorandum of understanding (MOU). The companies announced the MOU yesterday (9 November) which was signed at Hithium’s headquarters in Xiamen, China.

Which energy storage projects will be distributed?

Distributed would include the smaller end of utility-scale projects, with Perfect Power having developed 9.9MW battery energy storage system (BESS) projects in Texas. That includes a 79.2MW portfolio sold last year to UK-based energy storage investor Gore Street Capital.

What will be the world's largest battery system?

It involves four separate energy storage projects and two of them should become the world’s largest battery systems. Dynegy is going to deploy a 300MW / 1,200MWh project on PG&E’s grid while the Tesla project will be a 182.5MW / 730MWh, which could eventually go up to 1.1GWh.

Will PG&E's Moss Landing substation become the world's largest battery?

We first learned of the project at PG&E’s Moss Landing substation when they submitted it to CPUC and the company was in talks with Tesla in 2017. It involves four separate energy storage projects and two of them should become the world’s largest battery systems.

Who makes energy storage batteries?

Chinese battery companies BYD, CATL and EVE Energy are the three largest producers of energy storage batteries, especially the cheaper LFP batteries. This month Rolls-Royce signed a deal with CATL to help deploy the company’s batteries in the EU and the UK.

Where is hithium based?

The companies announced the MOU yesterday (9 November) which was signed at Hithium’s headquarters in Xiamen, China. Hithium is one of just a few companies manufacturing lithium-ion batteries at scale that is focused on stationary energy storage rather than electric vehicles (EVs).