Microvast Holdings Inc., an organization that designs, develops and manufactures lithium-ion battery options, has launched a brand new energy division. Microvast Energy designs, develops and manufactures battery energy storage methods (BESS) which might be co-located with solar options utilizing Microvast’s battery expertise.
Zach Ward has been appointed president, with total accountability for the division’s strategic route, operations, product growth, gross sales and key relationships. He has executed greater than 20 GW of utility and distributed technology solar and 500 MWh of energy storage initiatives.
“We are excited to launch the new Microvast Energy division and support the rapidly growing energy storage market, with an initial focus in the United States,” states Ward. “Our grid-scale BESS solutions provide critical infrastructure capable of addressing the gap between renewable energy supply and peak grid demand. With the recent passing of the Inflation Reduction Act and the construction of our new Tennessee manufacturing facility, we look forward to advancing clean and renewable energy initiatives. Additional details on Microvast’s industry leading BESS solutions will be forthcoming.”
Microvast’s BESS options will incorporate battery cells and modules manufactured in Clarksville, Tenn. The Clarksville facility options 650,000 sq. ft of producing area on 85 acres and is predicted to create as much as 300 new jobs within the area.
“We believe the Clarksville factory will contribute to the resilience of the domestic lithium-ion battery supply chain, create manufacturing jobs, and expand American battery capacity for the US power grid,” says Shane Smith, Microvast’s COO.
Microvast’s new BESS options have been developed for grid-scale energy storage initiatives utilizing the identical confirmed expertise as Microvast’s EV batteries.
“We expect the superior performance of our BESS solutions to exceed the expectations of our customers and put us in a leading position to take advantage of the benefits outlined in the Inflation Reduction Act,” Ward provides. “We expect the current electrification trends to further accelerate and keep us very busy.”
The engineering, gross sales, advertising and buyer care departments for Microvast Energy are headquartered in northern Colorado.