American Battery Solutions Inc., an advanced battery systems firm in Lake Orion, today announced it is partnering with Toshiba International Corp. to develop and deploy fast charge and high-power battery systems using lithium titanate (“LTO”) cells supplied by Toshiba for various industrial and transportation applications.
Under the MOU signed between the two companies, ABS and Toshiba will work jointly towards a master supply agreement for 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 rapid integration into custom battery systems to serve the growing industrial and transportation segments including:
- Automated guided vehicles (“AGV”),
- Industrial cranes,
- Electric buses
- Construction, agriculture, and mining vehicles.
In addition, ABS will identify opportunities for LTO-based solutions in some of the industrial segments where it can bring optimized total cost of ownership and increased productivity, says Subhash Dhar, founder, CEO, and chairman of ABS.
“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,” Dhar says.
ABS options include a choice of cell chemistries, form factors, performance and cycle life, all from a single solution provider focused on high quality battery systems integration.
“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,” says Ivan Menjak, vice president of business development at ABS.
The battery systems will be engineered, tested, and validated by ABS at its technical center in Lake Orion and produced in ABS’ Springboro, Ohio factory. The production facility 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.
Earlier in August, ABS announced it completed the acquisition of high-voltage manufacturing and testing assets from Robert Bosch Battery Systems. The acquisition included the 170,000-square-foot battery systems manufacturing facility and production lines in Springboro that are now wholly owned by ABS. The key manufacturing personnel from the plant also joined ABS as its employees.
ABS is backed by a $50 million committed investment from KCK Group, a principal investment firm with global offices in London, New York, San Francisco, and Dubai. ABS brings electrified mobility battery systems to emerging transportation, industrial, and commercial markets by leveraging its expertise in automotive battery system development, testing, and manufacturing.