China-based lithium iron (ferrous) phosphate (LFP) battery maker Guangzhou Great Power Energy & Technology and Trina Solar (Changzhou) Science & Technology, a subsidiary of China-based vertically-integrated PV maker Trina Solar, have established a three way partnership for offering providers in storage of PV-generated electrical energy and sensible energy grids, based on China-based media stories.
The three way partnership has registered capital of CNY300 million (US$44.7 million), with Great Power holding a 51% stake and Trina Solar (Changzhou) 49%. The three way partnership is to mix Great Power’s manufacturing functionality in LFP battery with Trina Solar’s experience in energy storage and sensible vitality administration options.
Great Power has supplied LFP batteries for giant off-grid and on-grid vitality storage methods in addition to home-use ones, with Beijing Linkdata Technologies and Wolong Electric being main shoppers. As price for LFP batteries retains reducing, such batteries will quickly start to exchange lead-acid batteries for vitality storage methods on account of benefits of upper vitality density, smaller dimensions and environmental friendliness, the stories cited Great Power as indicating.
Great Power in early 2019 signed with China-based vehicle maker SAIC-GM-Wuling Automobile for cooperation to regularly develop distributed vitality storage methods, storage and charging mixed methods of PV-generated electrical energy, road lamps with energy provided by storage methods of PV- and wind-generated electrical energy, batteries to be used in low-speed electrical automobiles, UPS and residential backup energy provide methods, the stories mentioned.
Great Power has reached vitality density of 170-180Wh/kg for its LFP batteries and goals to hike the density to 200Wh/kg in 2020.
