American Battery Solutions (ABS) has signed a deal with Toshiba to develop and use fast charge and high-power battery systems based around lithium titanate (LTO) cells.
The deal will see the two companies work on a master supply agreement for Toshiba's LTO cells, and will collaborate on the marketing efforts. Toshiba will also bring customer opportunities to ABS and ABS will use Toshiba cells in those opportunities. In addition, Toshiba will be a preferred supplier of LTO cells for ABS.
ABS is developing a portfolio of battery modules and packs with Toshiba cells for custom battery packs, These will be used in automated guided vehicles (AGV), industrial cranes and electric buses as well as construction, agriculture and mining vehicles. The company already supplies packs using cells with other battery technologies into these areas, but the LTO cells provide higher power and fast charging.
"We are excited to have a leading cell provider like Toshiba as a key cell partner for LTO technology. Their high quality and high-performance pedigree is synergistic with ABS' mission of providing highest quality battery solutions," said Subhash Dhar, Founder, chairman and chief executive officer of ABS.
"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.
ABS customers now have a choice of cell chemistries, form factors, performance and cycle life, all from a single solution provider focused on high quality battery systems integration.
The battery systems will be engineered tested and validated by ABS at its Michigan technical center and produced in ABS' Springboro, Ohio factory which includes automated laser welding of cell interconnects for industrial-grade robustness, and full production line for medium and high voltage battery pack assembly and testing.