Microvast Holdings, Inc. has introduced its latest energy storage system, the ME6, featuring a new 565Ah Lithium Iron Phosphate (LFP) battery. The company has announced a strategic shift to LFP batteries for its next-generation energy storage offerings, citing their improved long-term performance, economics and reliability compared to nickel-manganese cobalt (NMC) batteries.
The ME6 system has a cycle life of more than 10,000 cycles and a potential lifetime of up to 30 years. It provides 6 MWh of storage capacity in a 21-foot container, optimizing space utilization. The system incorporates IP55, C4 and nitrogen protection technologies to increase reliability and reduce fire risk.
Microvast is transitioning its U.S. energy storage market focus to the production of LFP battery systems at its Clarksville, Tennessee facility. This consolidation is expected to streamline operations and reduce lead times for U.S. customers.
The newly developed 565Ah LFP cell is tailored to the needs of the renewable energy sector. LFP batteries offer several advantages, including lower cost, improved reliability, longer life and improved sustainability due to the absence of cobalt. The domestically manufactured LFP batteries are expected to be eligible for IRA Section 45X tax credits.
Dr. Wenjuan Mattis, Microvast’s Chief Technology Officer, highlighted the ME6’s advanced features such as nitrogen protection technology, IP55 and C4 designs, and an integrated modular liquid cooling system. These innovations are designed to improve system reliability, longevity and performance in the energy storage market.
Founded in 2006 and headquartered in Stafford, Texas, Microvast continues to develop advanced battery technologies for electric vehicles and energy storage applications.
Source: Microvast
