WESTBOROUGH, Mass. and BEIJING, CHINA | BOSTON-POWER —
Boston-Power has entered into a 3-year exclusive supply agreement with BenQ Group company Darfon Electronics Corp, a precision components company whose products include power inverters and systems for renewable energy applications.
The two companies have initially committed to supplying 150 MWh of energy products.
Addressing the threat of global warming and promoting energy independence are key drivers in the development of economical renewable energy storage solutions. Battery performance and cost have long been key limitations to widespread adoption from electric vehicles to stationary storage, but recent advances in the industry are opening the door to cost-effective solutions.
“Boston-Power’s development of long-life, high-energy density lithium-ion technology, combined with our commitment to expand high-volume production which leverages improving industry costs, enables us to deliver high-quality solutions with a clear value proposition for the residential storage market,” said Boston-Power’s CTO, Rick Chamberlain. “We are excited to have established a partnership with a company the caliber of Darfon and to be taking this first step in support of their leadership in this market.”
By using Boston-Power’s lithium-ion cell technology, Darfon is able to offer compelling differentiated solutions which benefit both homeowners and installers. Darfon’s new storage solutions are initially targeting the Australian and UK residential solar markets with a 5 kWh capacity product. Customers will store energy from their solar panels and then use it to reduce household electricity consumption during high-priced peak hours as well as power back up during emergency conditions when the grid is not available.