Powin and REPT Announce Partnership Agreement Totaling over 3 GWhs

PORTLAND, ORPowin LLC (Powin), a global energy storage platform provider, today announced a nearly 3 GWh purchasing agreement with REPT BATTERO (REPT), a high-quality provider of LFP battery cells that is backed by China’s stainless steel and nickel giant Tsingshan Industry.

After undergoing a rigorous vetting and qualification process, REPT has been validated as a supplier for Powin and will initially provide the company with over 3 GWh of battery cells in the next 12 months. REPT’s LFP battery cells eliminate the need for cobalt while demonstrating a higher safety and performance profile than other lithium-ion chemistries.

“As demand for electric vehicles and stationary storage continues to surge, building a diverse network of highly qualified suppliers is essential. REPT not only meets our extensive safety and performance requirements but also has the financial backing investment strategy and global footprint needed to successfully keep up with this booming industry,” said Stuart Bolland, Powin’s Chief Operating Officer.

REPT batteries have both excelled at meeting key industry safety standards of UL1642, UL9540a, and UL1973, but have also fulfilled all the requirements put forth by Powin’s own evaluation framework. This framework provides a holistic assessment that includes a bankability review, commercial analysis, technical analysis, Quality Assessment, and performance testing.  To ensure the best results, our testing methodology evaluates key cell characteristics, including cycle & design life, DC internal resistance, round trip efficiency, thermal performance, capacity analysis, electrochemical impedance spectroscopy (EIS), State of Charge (SOC) curves, and fire safety.

“It is our great honor to partner with Powin, a forward-looking and world-leading enterprise. Powin’s industry-seasoned team, large-scale program skills, and R&D capabilities align with REPT’s sustainable products and commitments,” said REPT BATTERO CEO Dr. Hui Cao.

Powin’s unique business model and innovative supply chain strategy has enabled the company to become one of the largest energy storage providers in North America. With nearly half a dozen qualified and approved battery cell vendors, Powin is less susceptible to supply chain bottlenecks and can work faster to meet the rapidly growing demand for batteries.

About Powin, LLC (Powin):

At Powin, we are advancing the next frontier of energy and changing the way we power our daily lives by ensuring access to clean, resilient, and affordable power. As a global energy platform provider, we offer fully integrated battery storage solutions, software, and services to optimize grid performance and enable the transition to cleaner energy sources.  Powin has over 6,000 MWh of energy storage systems that have been deployed or are under construction with an additional 11,000 MWh in contracting worldwide. To learn more, please visit www.powin.com.

REPT BATTERO Energy Co., Ltd.

REPT BATTERO Energy Co., Ltd. was established in 2017 as the first enterprise invested by Tsingshan Industry in the field of new energy. REPT mainly engages in the research and development, production, and sales of lithium-ion batteries for power and energy storage systems. Its main products are prismatic LFP and NCM batteries for passenger cars, commercial vehicles, engineering machinery, and energy storage. In 2022, REPT ranked among the Top 5 energy storage battery companies in terms of shipments in worldwide and No.2 in terms of utility energy storage battery shipments in domestic. Learn more: www.chinarept.com.