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February 23, 2021

Shanghai Electric and Pacific Green to manufacture battery 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.

By Umesh Ellichipuram

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.

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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.

US-based Pacific Green Technologies, through its subsidiary Pacific Green Energy Storage Technology, the will oversee project implementation. 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. The company currently manufactures, sells, and services batteries and energy storage system integration.

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). Last September, it officially announced the completion of Phase 1 of the Nantong factory.

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In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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  • The 2030 target and current progress 
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  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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