Green Charge to Purchase 25 MWh Worth of Batteries
Green Charge Networks and Samsung SDI signed a supply agreement to deliver as much as 25 MWh of lithium-ion batteries over the next two years. The agreement guarantees Green Charge has adequate supply of batteries as it seeks to expand its market for energy storage.
Samsung SDI is investing $600 million to build China’s largest automotive lithium-ion battery manufacturing plant in Shaanxi province. The plant will begin operation in October 2015 with an annual capacity of enabling battery supply for over 40,000 EVs.
After more than a year of technical collaboration, Green Charge chose Samsung SDI as its primary source for lithium-ion batteries, partly due to its scale of manufacturing. By agreeing to purchase as much as 25 MWh of batteries from Samsung, Green Charge assures itself access to lithium-ion batteries for its energy storage market.
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