Ener1, the leading lithium-ion producer of the US, is contemplating the possibility of expansion as it teams up with ITOCHU Corporation. ITOCHU has played a major role in providing specialized equipment and materials to different lithium-ion manufacturers around the world.
Recently, the two partner companies have signed a MOU (Memorandum of Understanding) that sets the parameters of their relationship with each other. The MOU centers on Ener1’s entry into the Japanese market.
ITOCHU has established networks and partnerships with Japan’s automotive community. With this strategic partnership, Ener1’s entry into the new market should be smooth sailing.
This partnership also sets the floor for Ener1’s entry into Japan’s solar power market. This new niche provides further possibilities for Ener1’a already thriving business.
To date, Ener1 is the sole company capable of large-scale lithium-ion production in the United States. It produces enough batteries to support 1.17 megawatt hours of electricity every year. With an even stronger partnership with ITOCHU, Ener1 is looking at a 3.12 megawatt hours expansion this year.