Wärtsilä, citing supply chain concerns, adds supplier
By Jack Burke13 September 2023
EVE Energy produces battery cells
Wärtsilä has signed a large multi-year supply agreement with battery cell supplier EVE Energy, as it tries to diversify its supply chain.
The agreement will support Wärtsilä’s strong pipeline of energy storage and optimization orders across key markets. The company said it has more than 3.5 GW and more than 7 (GWh) of energy storage capacity awarded, contracted, or in deployment across six continents.
Wärtsilä is proactively diversifying its partnerships across the value chain to capitalize on growing market demand and continue to efficiently fulfil commitments to its customers. The company said it maintains a successful on-time delivery record across complex geographical locations amidst global supply constraints.
Wärtsilä has a unique resilience against supply chain disruptions thanks to its existing global networks, reputation, and financial strength. The company has existing supply agreements with qualified battery suppliers in addition to EVE.
“Our partnership with EVE Energy is one of several strategic measures Wärtsilä is taking to diversify and strengthen our supply chain in response to industry-wide disruptions over the last few years,” said Andrew Tang, Vice President of Energy Storage and Ooptimization at Wärtsilä. “We are constantly pursuing new opportunities to optimize our operations and ensure that we can continue to lead the transition towards a 100 percent renewable energy future.”
Steven Chen, President of EVE, said, “This cooperation with Wärtsilä is a significant step in EVE’s globalisation, and will further enhance our ability to serve overseas high-end customer markets. Previously, EVE’s products have been recognized by several internationally renowned customers and have entered their supply chains. In the future, we will continue to enhance our global service capabilities and make significant contributions to the new energy industry of mankind.”
EVE Energy will supply Lithium Iron Phosphate (LFP) battery cells for Wärtsilä’s GridSolv Quantum energy storage system, a fully integrated modular and compact solution that supports the integration of storage into electricity grids and the increase of renewable energy. GridSolv Quantum has a 100 percent safety record. It is one of the first energy storage systems to qualify under the 2023 revision of NFPA 855. GridSolv Quantum is certified to UL 9540 by Eurofins MET Labs in April 2022 and CSA in March 2023. It met UL 9540A unit-level performance requirements in February 2023.