Published by Todd Bush on September 15, 2022
SAN DIEGO, Sept. 15, 2022 /PRNewswire/ -- Borrego, a leading EPC and O&M provider for large-scale solar and energy storage projects throughout the United States, announced today that it has entered into a master supply agreement (MSA) with Gotion High-Tech, one of the world's leading battery and energy storage system manufacturers. The supply deal will provide Borrego with gigawatt-hours of secure, fixed-price volume capacity of Gotion's DC block storage equipment, which will be available for customer delivery starting in 2023.
>> In Other News: Qnergy Announces the Installation of its first Biogas-Landfill Methane Conversion Generator with Maryland Environmental Service
Gotion is a global tier-one vertically integrated stationary and EV battery and storage system manufacturer, with multi-gigawatt-hour production capacities. The company's product line includes both liquid- and air-cooled UL-certified modular storage solutions featuring advanced lithium-iron phosphate (LFP) battery technology. Gotion's U.S. headquarters and R&D facility are in Silicon Valley, and it has more than 100 megawatt-hours of storage systems installed in a variety of applications across the country.
"This MSA with a prestigious brand like Gotion helps Borrego continue to grow its supply of energy storage equipment from top-tier manufacturers," said John duPont, vice president of business development and operations at Borrego. "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."
"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."
U.S. energy storage deployments are forecast to surge to 600 GWh by 2031, according to Wood Mackenzie's recent Global Energy Storage Outlook. Average annual installations of stand-alone and solar-plus-storage systems are expected to reach 54 GWh through 2031.
Borrego, a leading EPC and O&M provider, accelerates the delivery and ensures the proper maintenance of large-scale solar and energy storage projects in the US. Borrego has a track record of superior performance in the hundreds of large solar and energy storage projects it has designed, built, and currently maintains nationwide. Established in 1980, it has regional offices in California, Massachusetts, and New York with a nationwide footprint. Borrego creates value by helping partners make better decisions at critical points in every project's life. Its team brings deep technical expertise to its mission of solving the world's energy problems. For more information, visit Borrego. For more information on its new Anza business that transforms solar and energy storage procurement through its online marketplace, visit Anza Renewables.
Gotion High-Tech is one of the world's leading battery manufacturers with global R&D and multi-gigawatt-hour production capabilities. Gotion has a fully integrated supply chain from sourcing lithium to building complete energy storage solutions. With global factories and backing from majority shareholder Volkswagen, Gotion is expanding manufacturing with planned production facilities in the U.S. Gotion has R&D and product development teams in the U.S. to support its EV and energy storage system (ESS) business. Gotion's range of products for ESS includes battery cells, packs, racks, and containerized turnkey AC/DC ESS solutions. Gotion offers both liquid- and HVAC-cooled DC block solutions for the U.S. market. For more information, visit Gotion High-Tech.
SOURCE Borrego Solar Systems Inc
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🧪 $400M Bet on Blue Ammonia: Industry Giants Push Carbon Capture in Louisiana 🏭 Linde Signs Long-Term Agreement to Supply Industrial Gases to World-Scale Low-Carbon Ammonia Facil...
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Carbon Upcycling Technologies ("Carbon Upcycling"), a leader in carbon and resource utilization, announced today the closing of its USD 18 million investment round led by Builders Vision, a team of...
BUSE Gases Limited is excited to announce a transformative 10-year offtake agreement with Acorn Bioenergy, marking a significant leap forward in our commitment to sustainability and innovation. Un...
Back by Aramco Ventures, Khosla Ventures, Mitsubishi Heavy Industries America, and TDK Ventures, Spiritus is set to transform carbon removal, turbocharging America’s AI-driven future with energy an...
WOKING, England--Linde (Nasdaq: LIN) today announced it has signed a new long-term agreement with Blue Point Number One, a joint venture between CF Industries, JERA and Mitsui & Co.. Under the ...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.