- Lithium Ion Battery Solution Provider Microvast Holdings Inc VAT has launched its new energy division.
- Microvast Energy designs, develops and manufactures Battery Energy Storage Systems (BESS) deployed in conjunction with solar solutions utilizing Microvast’s battery technology.
- Zach Ward has been appointed President of Microvast Energy and is responsible for the strategic direction, operations, product development and sales of the business.
- Ward has seventeen years of experience in the solar energy sector. He has executed more than 20GW of utility and distributed generation solar projects and 500MWh of energy storage projects.
- also read: EV Battery Manufacturing in US Will Be ‘Nicely Profitable’ for Decades to Come, Munster Says: Could These 5 Stocks Go Big?
- Microvast’s BESS solutions include battery cells and modules manufactured in Clarksville, Tennessee.
- The Clarksville facility has 650,000 square feet of manufacturing space on 85 acres and is expected to create up to 300 new jobs in the area.
- “Our grid-scale BESS solutions provide critical infrastructure capable of bridging the gap between renewable energy supply and grid peak demand,” said Zach Ward, President of Microvast Energy.
- Price promotion: MVST shares are trading up 7.46% at $1.9450 on the latest check Monday.
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