Powin Energy Announces 20-Year Lithium-Ion Energy Storage System
Powin Energy Corporation has unveiled three new products, Stack™225, Stack™230 and Stack™230P, its first products utilizing Contemporary Amperex Technology Co. Limited (CATL) battery cells. All three products were designed by Powin around CATL's large form factor cells, utilizing Powin's patented StackOS battery management and controls software.
Powin's proprietary Stack™ products can perform a wide variety of in front of the meter, behind the meter, and microgrid applications to meet today's evolving energy storage needs, yet they are designed to be flexible so that as priorities shift, the battery applications can be adapted to meet the needs of future use cases.
Already in mass production, Powin's Stack™225 product is used for 2-hour duration systems and offers a 10-year, one-full-cycle-per-day performance guarantee. The Stack™230P is a product designed for shorter duration applications such as frequency regulation and other ancillary services. The Stack™230 is Powin's first product released to the market providing a 20-year, one-full-cycle-per-day performance guarantee.
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Stack™230 was specifically designed for PV + storage applications, which typically require 3+ hour system durations and can greatly benefit from a 20-year warranted life span, aligning with the typical life cycle of PV modules. The Stack™230 performance guarantee allows the customer to use the batteries installed day 1 to be used for 20 years without any replacement.
"We are excited to formally announce the expansion of our product line to include three new CATL based offerings. By joining CATL's reputation for quality and consistency with Powin's utility scale ESS platform we are delivering systems that meet our customer's needs for performance, reliability and bankability. With its 20-year performance guaranty the Stack™230 in particular presents an exciting new and affordable option for utilities and IPPs looking to pair storage with new or existing solar projects. We aim to accelerate the modernization of the electric grid by increasing the value of renewable generation assets with long-duration, affordable and high-quality energy storage systems. With its unprecedented reputation and product quality, CATL is the perfect partner in the furtherance of our mission," said Geoff Brown, President of Powin Energy.
With Tier 1 customers such as BMW, Daimler Benz, Volkswagen and Nissan, CATL is the leading battery cell vendor in the world by gigawatt-hours per year delivered. CATL has achieved global deployment and is devoted to driving new energy innovation throughout the world.
Powin is delivering on contracted orders totaling over 600 megawatt-hours for the Stack225, Stack230 and Stack230P products for delivery in 2020 and 2021.