Powin Signs 10 GWh Supply Agreement with EVE Energy

Powin LLC (Powin) has signed a 10 GWh supply agreement with EVE Energy Co., Ltd. (EVE), a supplier of power cells. first level battery, to supply the world market of energy storage. 

This deal will support a portion of the capacity of Powin's flagship project, the 1,850 MWh superbattery called the Waratah Super Battery , and underscores Powin's commitment to proactively overcome supply challenges while delivering energy storage in batteries that are safe, reliable and high performance.

This announcement comes as part of a long-term partnership dating back to 2021, when Powin first announced its 2-year supply contract with EVE on a GWh scale. Since then, EVE has continued to invest in expanding its energy storage capacity and recently announced the construction of six new battery plants, totaling 120 GWh of capacity and representing more than 3 BUSD in investment. 

EVE will supply the LFP battery cells that are integrated into Powin's Centipede™ platform, fully optimized by its proprietary StackOS™ software ensuring unparalleled levels of visibility and control to improve safety and performance.

"This expansion of our partnership with EVE Energy is an exciting step forward for Powin," said Jason Eschenbrenner, Powin's Vice President of Global Purchasing. " This past year our collaboration has yielded remarkable results and we are proud to be able to extend our alliance to new heights. With this acquisition agreement we want to develop even more potential in terms of sustainable energy storage solutions, offering companies and communities the reliable and clean energy options they need.

"Expanding our partnership with Powin represents a natural progression in our joint mission to help advance the clean energy revolution," said Steven Chen, President of EVE Energy Storage Co, Ltd. and Vice President of EVE Energy. " The success we have achieved together this past year demonstrates the strength of our partnership. By combining Powin's deep industry experience with our state-of-the-art LFP battery technology, we are able to offer sustainable energy storage solutions at a unprecedented scale. Together, we can accelerate the global transition to clean energy and achieve lasting effects on our planet."