EnerVenue, backed by the family office of Hong Kong billionaire Lee Ka-kit, has commenced production of its new nickel-hydrogen batteries with an annual capacity of 250 MWh.
The California-based startup has commenced production of nickel-hydrogen batteries at its factory in Changzhou, Jiangsu, with an annual capacity of 250 megawatt-hours (MWh), and plans to increase capacity to 1 gigawatt-hour (GWh) by 2027. EnerVenue anticipates its new batteries will challenge existing energy storage technologies dominated by mainland Chinese companies, addressing the surge in global green energy demand. According to CEO Henning Rath, the company's nickel-hydrogen technology, which has been used in aerospace for decades, offers 30,000 charge-discharge cycles, a design life of up to 30 years, and no risk of thermal runaway fires, while remaining resilient in extreme environments.
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