SolarEdge Technologies announced that its Energy Storage division has begun shipping new battery cells designed for stationary Energy Storage applications.
The Nickel Manganese Cobalt (NMC) pouch cells, manufactured at Sella 2, the company’s new battery cell manufacturing facility in South Korea, has been optimized for energy storage applications for the residential, commercial and utility scale segments.
The cells support high cycle life (up to 8000 cycles), high energy density, high-power throughput and a wide temperature range without compromising operational life, enabling SolarEdge to provide battery solutions that support a broad range of use cases, including demanding grid-stability applications.
The global stationary storage market is estimated to grow from approximately 45GWh in 2022 to 164GWh by 2030.
“Owning key processes and cell chemistries will allow us to further secure the resilience of our supply chain and provides us with the flexibility to produce cells optimized for various energy storage solutions,” Ronen Faier, SolarEdge Chief Financial Officer and General Manager of SolarEdge Energy Storage division, said.