SAN DIEGO/USA, 22 September 2022: A master supply agreement (MSA) has been signed between Gotion High-Tech, one of the top producers of batteries and energy storage systems in the world, and Borrego, a prominent EPC and O&M provider for large-scale solar and energy storage projects in the United States.
Through the supply agreement, Gotion’s DC block storage technology will be made available to Borrego in gigawatt-hours of secure, fixed-price volume capacity; client deliveries will begin in 2023.
Batteries and energy storage systems
Gotion is a multi-gigawatt-hour producer of stationary and electric vehicle (EV) batteries and storage systems that is a tier-one global manufacturer. The company offers UL-certified modular storage solutions with innovative lithium-iron phosphate (LFP) battery technology that are both liquid- and air-cooled.
In addition to having more than 100 megawatt-hours of storage systems installed in numerous applications around the nation, Gotion has its US headquarters and R&D facilities in Silicon Valley.
According to a recent report by Wood Mackenzie, the United States is expected to implement 600 GWh of energy storage by 2031. Through 2031, stand-alone and solar-plus-storage system installations are anticipated to achieve an average of 54 GWh per year.
John duPont, vice president of business development and operations at Borrego said “This MSA with a prestigious brand like Gotion helps Borrego continue to grow its supply of energy storage equipment from top-tier manufacturers.”
“We have a multi-gigawatt-hour vendor pipeline of storage products at fixed pricing available for utility and distributed generation projects requiring delivery in 2023-2025. This locked-in capacity will help our customers avoid expected supply chain constraints when the Inflation Reduction Act kicks in,” John added.
“Gotion is looking to expand both its energy storage and U.S. market footprints and finding a trusted partner like Borrego will help us achieve our goals,” said Vikash Venkataramana, vice president of energy storage systems at Gotion.
“We look forward to building a long-term relationship with Borrego as both companies play major roles in accelerating the clean energy transition,” Vikash added.