Pace Digitek Subsidiary Signs 3 GWh Battery Cell Deal
Pace Digitek Limited's material subsidiary, Lineage Power Private Limited, has entered into a Master Supply Agreement (MSA) with Guangzhou Rongjie Energy Technology Co., Ltd (RJE Tech) for the supply of 3 GWh of Lithium Iron Phosphate (LFP) battery cells and accessories. This agreement aims to bolster Lineage Power's Battery Energy Storage System (BESS) manufacturing capabilities for utility-scale and C&I applications. The MSA ensures supply security, leverages advanced cell technology, and establishes clear terms for pricing, quality, and delivery, with strategic logistics from RJE Tech's base in the Greater Bay Area. The collaboration also includes frameworks for technical and quality cooperation.
Key Highlights
- Secures 3 GWh of LFP battery cells for supply chain stability.
- Enhances BESS manufacturing platform for utility and C&I sectors.
- Features advanced 314Ah prismatic cells for improved safety and life.
- Establishes long-term terms for pricing, quality, and delivery.
- Facilitates technical collaboration and product improvement.
Price Impact
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