With lithium-ion batteries raising ESG-related concerns, investors are increasingly seeing value in long-duration storage
Energy Vault agrees 10GWh Rept Battero battery deal
Chinese lithium-ion battery manufacturer Rept Battero has agreed a deal with US energy storage company Energy Vault to supply 10GWh of batteries, with initial deliveries scheduled for Q3 2023.
The deal will see Rept Battero initially deliver 280Ah batteries, followed by the company's ‘Wending Battery’, which is “designed for larger capacity and greater life cycle”.
Established in 2017, Rept Battero is the first renewables-focused company invested in by Tsingshan Group.
“The establishment of a strategic partnership represents a significant milestone for Rept Battero’'s energy storage business in its pursuit of global expansion and entry into foreign markets,” a statement said.