Stationary battery manufacturer Hithium launches in Europe
Press release
- Hithium debuts at Intersolar while ramping up production capacity to 70 GWh this year
- Company delivered 5 GWh in 2022
- Product innovations for large-scale utility and C&I segments focus on durability, safety, and reducing LCOS
Munich, Germany, June 5, 2023 – Lithium-ion stationary battery producer Hithium is entering the European market, with the opening of an office in Munich and its first appearance at Intersolar Europe. The company has achieved top positioning in the battery energy storage (BESS) sector in its home market of China, with 5 GWh of battery products shipped in 2022 alone, ranking first in the domestic BESS market in terms of projects supplied*. To prepare for a global market presence, Hithium is currently building out its manufacturing capacity from 15 GWh to 70 GWh by the end of 2023, and to 135 GWh by 2025.
The specialisation advantage
Hithium is one of the largest battery producers to focus solely on BESS, with more than a thousand employees working on research and development across its four distinct research institutes. Along with safety innovations, achieving “0” loss in the initial 1000cls (i.e. Capacity/Energy fading ≤2% ), and extending battery lifespan to 12,000 cycles, the company has also driven the cost down for its high-quality products. To that end, Hithium has made significant investments in its manufacturing to build one of the most advanced battery cell production lines in the world.
“We’re reducing the cost of high-quality energy storage and aiming to do for stationary batteries what the Chinese solar industry has done for the global solar sector,” said Ziqi Yi, HiTHIUM CTO.
Winfried Wahl joins to launch Hithium Germany
Hithium has secured tech and energy expert Winfried Wahl as senior director for product management for the European market. Wahl has spent over a decade in photovoltaics and clean energy, as well as in introducing top Chinese manufacturers to the European market.
“Hithium is entering the European market as demand for energy storage is set to spike. As Europe moves to renewables, we need energy storage to stabilise the grid and the energy supply,“ Winfried Wahl explained. “For Germany alone to achieve the energy storage target laid out by Fraunhofer ISE of 100 GWh by 2030, we have to increase our capacity by over 45% per year.”
Find Hithium at Intersolar Europe in Hall C2, Stand 520
*Data source: GGII. Calculating the number of China’s energy storage projects using LFP batteries delivered. Updated in Jan, 2023.
About Hithium
Founded in 2019, Hithium is a leading manufacturer of premium stationary energy storage products for utility-scale, commercial and industrial, and residential applications. With four distinct R&D centers and multiple “intelligent” production facilities, Hithium’s innovations include groundbreaking safety improvements to its lithium-ion batteries as well as increases in lifecycle. With many decades of cumulative experience in the field among its founders and senior executives, Hithium leverages its specialization in BESS to deliver partners and customers unique advances in energy storage. The company is based in Xiamen, China, with further locations for production, research, or sales in Shenzhen, Beijing, Chongqing, Chengdu, Munich, California, Mumbai, Brisbane and Sydney. Hithium shipped 5 GW of battery capacity in 2022 and is expanding its current 15 GW of production capacity to 70 GW by the end of 2023.