€40 Million In New Battery Deals For Manz AG
The German solar+storage production equipment supplier Manz AG recently sealed lithium-ion equipment supply deals totaling €40 million ($47.5 million), as per recent reports.
While the specifics of the deals have yet to be publicly revealed, the news is particularly notable owing to the relatively deflated nature of the broader European clean energy market at the moment. That said, while Europe is certainly starting to show some worrying economic signs, the battery energy storage market is as of right now still doing pretty well.
“With the major orders that we have now obtained we are raising the battery business segment to a new revenue range, thereby taking another important step towards diversifying our technology and customer portfolio,” as the CEO (and founder) of Manz AG, Dieter Manz, put it.
The move that led to this successful diversification is down to the integration of Arcotronics into the parent company (Manz AG), according to Dieter Manz. That acquisition was completed back in May of last year.
Worth noting, is that Manz AG can now offer what’s been described as a “unique technology portfolio” via the supply of production equipment for both wound coin cells and stacked pouch cells.
While the recent deals are certainly of importance, the company actually had its single biggest battery supply deal last June.
“The potential for us as a leading high-tech equipment manufacturer in the lithium-ion battery segment is huge,” concluded CEO Dieter Manz. “In addition to the existing extensive battery segment for consumer electronics, markets of the future, such as electromobility and stationary energy storage, will also drive the market dynamic further forward.”
Certainly the sort of language that you expect to hear from a CEO — I can’t help but wonder, though, about the upcoming months/years in the European market.
It seems as though a lot of things are beginning to come to a head in the EU economically — continued economic problems there could see the battery market stall out somewhat.
Image Credit: Manz AG
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