Nidec Industrial Solutions and AESC – Sign Agreement for the Supply of Lithium-iron-phosphate (LFP) Energy Storage Systems (ESS)

PublishTime： 2024-06-01 Article Source：NIDEC Industrial Official Website

Milan (Italy), Yokohama (Japan) – 10 April 2024 – Nidec Industrial Solutions, a global leader in stationary energy storage systems, with AESC, a global leader in the development and manufacturing of high-performance batteries for zero-emission electric vehicles and energy storage systems, announced the signature of a supply agreement to collaborate on several projects.

As the first phase of the cooperation, AESC will supply Lithium-iron-phosphate (LFP) batteries to Nidec Industrial Solution for over 3GWh on several projects globally. Commissioning will be executed in close coordination between Nidec Industrial Solutions and AESC.

With this partnership, Nidec Industrial Solutions expands its already wide range of batteries demonstrating high flexibility in supporting Customers with different and efficient stationary energy storage solutions.

Both parties have a shared priority to offer Customers the most innovative and sustainable solutions, and the agreement will allow the two partners to further reinforce their market positions as demand for LFP Energy Storage Systems (ESS) is showing rapid growth in many regions, with an estimated market demand in excess of 1100 GWh by 2030.

The supply agreement signing ceremony took place on 10 April 2024 and was attended by Dr. Jay Jiang, President of AESC, Mr. Robin Xu, Vice President of Sales, ESS Business of AESC, and Mr. Dominique Llonch, CEO Nidec Industrial Solutions.

About Nidec

Nidec Industrial Solutions (NIS) offers complete, customized electrical systems for energy efficiency in all fields. Its target markets are petrochemical, traditional and renewable energy, steel, marine, and industrial automation. The global organization specializes in heavy-duty applications with electric motors and generators up to 65 MW power (87,000 hp), electronic power converters and inverters, automation and software for industrial processes, and the retrofitting of power plants and hydroelectric generators. In addition, the group has strong know-how in the field of integrated systems for the production and storage of electrical energy (i.e. BESS) from renewable sources and their integration into electricity grids, as well as in the design and implementation of infrastructures for electric vehicle charging. Finally, Nidec is able to offer optimized motor control technologies and develop automation solutions for a variety of industrial specific applications, customized to the customer’s needs.

About AESC

AESC is a global leader in the development and manufacturing of high-performance batteries for zero-emission electric vehicles and energy storage systems. Founded in Japan in 2007 and headquartered in Yokohama, AESC has been building manufacturing capabilities around the world in the U.S., U.K., Europe, Japan, and China to serve key markets and leading customers locally for over 14 years. Today, AESC’s advanced technology powers over one million vehicles and provides more than 15GWh of installed capacity for battery energy storage systems in over 60 countries. AESC leverages its state-of-the-art technology, Japanese craftsmanship capabilities, and proven track record of safety to create and supply a unique advanced product offering across the full range of cathode chemistries and form factors, including LFP, NCM/MCA, pouch, cylindrical, and prismatic battery solutions, and is the partner of choice for the world’s leading OEMs in North America, Europe, and Asia.

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