Microvast Holdings unveiled its latest energy storage system (ESS), the compact, high-energy-density ME6 system and the latest product in its battery solutions portfolio, the 565Ah lithium iron phosphate (LFP) battery. With this announcement, Microvast is also shifting its long-term US ESS market focus to producing LFP battery systems instead of its NMC battery solutions at its Clarksville, Tennessee facility.
Unlike the ultra-high-performance nickel manganese cobalt (NMC) batteries which are produced to meet the demands of commercial vehicle (CV) customers, the new 565Ah LFP batteries are specifically tailored to the unique demands of ESS customers.
The new LFP-based ME6 energy storage solution offers benefits that include:
- Extra Long Life: Exceptional cycle life exceeding 10,000 cycles, up to 30-year lifespan with Microvast’s new overhaulable battery design.
- Compact Storage: Boasts a high energy density offering of 6 MWh in a compact 21-foot container, allowing customers to optimize their construction and site layouts.
- Top-Tier Reliability: IP55, C4, and nitrogen protection to prevent fires and resist corrosion for reliable year-round outdoor operation.
- High Efficiency: Container includes an integrated modular cooling system, which extends the battery life and enhances round-trip efficiency.
- Reduced TCO: Optimized total cost of ownership with a robust design and ability to continually maintain and overhaul product.
The domestically produced LFP batteries are expected to qualify for IRA Section 45X, further enhancing their economic attractiveness.
