Gotion High-tech and Edison Power have announced that they have entered into a strategic cooperation agreement to jointly develop large storage battery and recycling market in Japan, to promote the popularization of renewable energy, and to introduce Gotion’s batteries into the Japanese market.
The agreement will see the two companies develop market strategies responding to market demands with a planned sales target of 1 GWh for the first year, rising to 2 GWh annually from the second year onwards, stated the release.
Gotion High-tech will provide cells, modules, BMS, etc., while Edison Power Co., Ltd. will be responsible for customer management, EPC services, energy storage system operation and maintenance, and other market-side services.
In addition,Gotion is a circular type from the possession of raw material mines for LFP (lithium iron phosphate) batteries to the recycling system after disposal.
As a responsible international enterprise, Gotion High-tech will also work with Edison Powerto establish a circular storage battery recycling system in Japan.
Source: PR Newswire