American Battery Solutions and EVE Energy Establish Master  Supply Agreement (MSA) for Prismatic LFP Cells in the  TeraStor™ BESS System

[MUNICH, GERMANY, 16 June 2023] – This week at The smarter E Europe exhibition, American Battery Solutions, Inc.’s Energy Storage Solutions division (ABS ESS; exhibitor stand B2.476), manufacturer of the ultra-high-density TeraStor™ battery energy storage platform,  announced a strategic partnership with EVE Energy (EVE), a distinguished global supplier of  high-quality battery cells.  

Under this agreement for prismatic LFP cells, ABS ESS and EVE have confirmed raw material  supply and production capacity that will support a portion of ABS ESS’s impressive plans to  deploy over 30 GWh of their innovative energy storage architecture over the next three years.  The current terms grant ABS ESS access to more than 100 MWh of manufactured cell capacity  per week—which equates to 5 GWh per year—ensuring a steady supply to meet much of the  growing demand for their large-scale TeraStor™ BESS solution. 

“Our collaboration has been in progress for the past year, with an initial agreement reached  in Q4 of 2022,” said Steven Chen, Vice President of EVE Energy Co. Ltd. “Extended warranty  terms were finalized in Q1 of 2023, and we are very happy to announce this partnership now.”  In line with ABS ESS’s commitment to providing customers with an unrivaled level of service  and support, the agreement enables robust extended capacity and availability guarantees  that last up to 20 years for ABS ESS customers. 

ABS ESS selected EVE cells for their market acceptance and exceptional reliability. Both of the  following recent announcements from ABS ESS used EVE-sourced cells in their related studies: • TeraStor™ BESS system reliability analysis, conducted by Reliant Labs, confirming an  unrivaled predicted 99.999% (5-nines) reliability 

• TeraStor™ 9540A module-level testing, demonstrating efficacy of architected safety  features 

“ABS ESS is excited to join forces with EVE in our mission to deliver reliable energy storage  solutions that enable a sustainable energy future,” said Rick Cwiakala, Vice President of Operations. “Through this strategic partnership and MSA, we are well-positioned to meet much of the growing demand for the TeraStor™ and for our additional forthcoming systems  that are purpose-built for execution of further energy storage scenarios.” 

ABS ESS maintains flexibility in its supply chain, with the ability to source additional new and  future cells from EVE and other high-quality suppliers. The extended warranty options and  flexible energy assurance plans demonstrate the company’s commitment to delivering  revolutionary energy storage solutions at the highest quality and greatest total lifetime value to customers.