Guoxuan electric energy storage

Will Shanghai Electric Guoxuan and Pacific green technologies develop battery energy storage systems?

Shanghai Electric Guoxuan New Energy Technology has signed a memorandum of understanding (MoU) with Pacific Green Technologies for the manufacturing of battery energy storage systems. Shanghai Electric Guoxuan and Pacific Green Technologies will collaborate to develop battery storage projects. Credit: Josef Kubes/Shutterstock.

What is Shanghai Electric Guoxuan's energy storage partnership?

Under the MoU, the two companies have agreed to explore possible energy storage projects across the world. The partnership marks Shanghai Electric Guoxuan’s first venture in the global high-end energy storage market.

Who is Shanghai Electric Guoxuan?

The company has developed two long-life lithium iron phosphate batteries, with optimised material design and production processes. Shanghai Electric Guoxuan started foundation works for its Nantong lithium battery industrial base in 2018. The company planned a capacity of 10GWh and a total project investment of $463m (RMB3bn).

What is Shanghai Electric Guoxuan & gotion high-tech doing?

Using its procurement and development experience, it will focus on system design, integration, and commercial optimisation. At the same time, Shanghai Electric Guoxuan, a joint venture of Shanghai Electric and Gotion High-Tech, will provide lithium battery systems.

How big is Shanghai Electric Guoxuan's Nantong lithium battery plant?

In December 2018, Shanghai Electric Guoxuan began laying the foundation for its Nantong lithium battery industrial base, with a planned capacity of 10GWh and a total project investment of RMB3 billion.