China’s Gotion and Richardson Electronics partner for US-made BESS
AI-summarised brief · reviewed before publication
China's Gotion and US-based Richardson Electronics have partnered to manufacture battery energy storage systems in Illinois. Gotion will provide advanced battery technology, while Richardson will support commercialization and engineering integration. The partnership will launch a 760kWh system for commercial and industrial applications and a 5MWh system for utility-scale segments. Both companies have manufacturing hubs in Illinois, with Gotion's in Manteno and Richardson's in La Fox. The partnership comes amid Chinese companies selling down stakes in US assets due to new FEOC rules, sparking questions about the future of Gotion's US manufacturing activities, with the company committed to building a localized battery supply chain in the US, and having announced its Manteno factory in 2023.
💡 Why It Matters
- · The partnership tests the boundaries of FEOC restrictions on tax credits for clean energy technology manufacturing, which could impact the viability of US-based projects using technology from Chinese companies.
- · Gotion's commitment to localized supply chains may set a precedent for other Chinese companies operating in the US.