American Battery Solutions, an advanced battery systems company, signed a MoU with Toshiba International Corporation to develop and deploy fast charge and high-power battery systems using lithium titanate (“LTO”) cells.
Details are provided below:
- As per MoU Toshiba will be preferred supplier of LTO cells to ABS
- ABS is developing a portfolio of battery modules and packs with Toshiba cells for rapid integration into custom battery systems to serve the growing industrial sector
- The battery systems will be engineered tested and validated by ABS at its Michigan technical center, USA
- “This deal, together with our other cell partnership for high energy cells with a leading Korean supplier, enhances our portfolio of energy storage solutions tailored to customer needs and optimized for application requirements,” said Ivan Menjak, Vice President of Business Development at ABS.