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Hithium enters European electricity storage market

Lithium-ion battery manufacturer Hithium is entering the European market: By opening a branch in Munich and participating in ees Europe. With five gigawatt hours of battery products shipped in 2022, the company is one of the most important suppliers of battery storage in its home country of China.

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Currently, Hithium is expanding its factories from the current 15 gigawatt-hours to 70 gigawatt-hours by the end of 2023. By 2025, the target is 135 gigawatt-hours. More than 1,000 employees are working on the development of new battery storage systems in four specialised research institutes.

The goals are maximum safety of the systems and the longest possible service life of 12,000 cycles. In addition, the costs of the storage units are to be reduced.

Winfried Wahl in the team

Winfried Wahl, a technical expert, has been recruited as Director of Product Management in Europe. He has been active in photovoltaics and renewable energies for more than ten years and has helped Chinese manufacturers enter the European market. "In the course of the switch to renewable energies in Europe, we need energy storage to stabilise the grid and the energy supply," says Winfried Wahl.

See also: "Large-scale battery storage indispensable"

He adds: "To reach the energy storage target of 100 gigawatt hours by 2030 in Germany alone, we need to increase our capacities by more than 45 per cent per year." At EES Europe, Hithium will present its products in hall C2, at stand 520. (HS/mfo)