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Focus on large storage and recycling batteries, open up the Japanese market
TOKYO, March 20, 2023 /PRNewswire/ — On March 15, Gotion High-tech and Edison Power Co., Ltd. signed a strategic cooperation agreement to jointly develop the large-capacity battery and recycling market in Japan, promote the popularization of renewable energy and introduce Gotion batteries in the Japanese market.
With the development of renewable energy around the world and the revision of the Japan Power Industry Law in May 2022, the large capacity battery industry in Japan has new opportunities.
According to the agreement, during the cooperation period, the two companies will develop market strategies that respond to market demands, with an expected sales target of 1 GWh for the first year, which will increase to 2 GWh per year from the second. Gotion High-tech will supply cells, modules, BMS, etc., while Edison Power Co., Ltd. will handle customer management, EPC services, energy storage system operation and maintenance, and other related services. the market.
In addition, Gotion is circular in type, from owning the raw material mines for LFP (Lithium Iron Phosphate) batteries to the post-disposal recycling system. As a responsible international company, Gotion High-tech will also collaborate with Edison Power to establish a circular storage battery recycling system in Japan.
About Gotion High-Tech
International technology-based company focused on the development and production of electric batteries. Headquartered in Hefei, the capital of Anhui province, the company went public in May 2015 as China’s first battery-electric company to enter the capital market. It specializes in new energy businesses such as electric vehicle batteries, energy storage applications, and transmission and distribution equipment, with more than 14 gigascale battery manufacturing bases around the world. Our five battery materials-based businesses span the entire battery supply chain from early to late stages, and Gotion also has a battery recycling business.
About Edison Power
Edison Power is a renewable energy solutions company that began developing and manufacturing battery storage systems in the year 1991. In addition to the battery storage system business, Edison Power is developing a solar power generation business, a biomass power generation business, a bark pellet production business, and a solar power sharing business.
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