The Energy Division of Microvast Holdings has announced plans to launch its inaugural battery energy storage system, the ME-4300-UL ESS Container (the “ESS Container”).
The system, designed for energy shifting applications such as renewables integration, peak demand and capacity support, will include the following features:
• Ready to install, 20 ft. liquid-cooled battery container with industry leading energy density of 4.3MWh per container (up to 30 percent more than leading competitors)
• Vigorously tested battery cells and modules based on Microvast’s proven commercial electric vehicle (EV) battery technology
• Innovative safety features including fire suppression and explosion prevention systems
• 6th generation, advanced battery management system (BMS)
The system is expected to qualify as “domestic content” under the Inflation Reduction Act.
The battery cell and module technology used for the ESS container will be based on the proven performance of Microvast’s lithium-ion battery solutions developed for the commercial electric vehicle market. The battery cells incorporate Microvast’s 53.5Ah NMC cell technology, boasting 235Wh/kg of energy density. “Customers can trust and depend on Microvast’s sixteen years of proven expertise in lithium-ion battery manufacturing and our experience with 30,000 battery systems operational worldwide,” commented Zach Ward, Microvast Energy President.
In addition to the industry leading energy density, the ESS container will offer a long battery life of more than 10,000 cycles under normal operating conditions, as well as easy transportation and installation for fast deployment at utility scale plants.
“The superior performance of our products, domestic production capabilities and our team’s ability to effectively execute large scale utility projects sets Microvast apart. We believe our ESS solutions offer substantial benefits to our customers, including a lower total cost of ownership and expected eligibility for Inflation Reduction Act benefits,” Ward added. “The positive response we have received from potential customers in the United States speaks volumes. Our future plans include expanding the ESS platform globally, leveraging our existing facilities in Asia and Europe.”
The company expects to begin manufacturing ESS containers in early 2023, with shipments anticipated to commence in the second half of the year.