Microvast Opens New Technology and Testing Center in Colorado

TIMNATH, Colo.–(Enterprise WIRE)–Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that layouts, develops, and manufactures lithium-ion battery alternatives, currently announced the opening of a new 30,000 square foot Technological know-how and Tests Centre in northern Colorado.

“Our Technological innovation and Screening Heart will usher in the next phase of Microvast’s growth and advancement,” explained Zach Ward, President of Microvast Electrical power. “This facility will build dozens of new STEM and other interesting work as Microvast continues to serve as an economic motor in Colorado. Our staff pushes for excellence in know-how innovation and execution as we achieve momentum in the advancement, manufacture, and software of battery electricity storage methods for utility-scale jobs.”

Before this month, Microvast announced that its energy division secured a large deal to source a 1.2GWh battery energy storage challenge co-situated with a solar plant in the United States. Microvast’s growing crew in Colorado was instrumental to this task gain, which is envisioned to be a person of the first in a robust pipeline of grid-scale electrical power storage projects to include battery cells made in The usa at Microvast’s 2GWh facility in Clarksville, Tennessee. Microvast will supply its field-primary 4.3MWh ESS liquid cooled, 20 foot container with a prolonged battery life of extra than 10,000 cycles under ordinary working conditions.

The new Know-how and Testing Centre is found in Timnath, Colorado, a suburb north of Denver around Fort Collins. Microvast recently welcomed regional neighborhood leaders during a ribbon reducing ceremony to celebrate the facility’s opening. “Welcome to Timnath, Microvast! On behalf of the Timnath Setting up Commission, we welcome your forethought in finding your newest operation in our rising group,” claimed Phil Goldstein, Chair, Timnath Preparing Commission. “I liked assembly your staff at the ribbon chopping and appreciated the tour and information on your work. Thank you for obtaining us and very best needs as you ramp up with your using the services of and creation.”

“Timnath congratulates Microvast on the opening of their new style middle. They will be a good addition to our city and we desire them achievements in their endeavours to advance and allow choice strength sources,” reported Brett Hanson, Mayor Professional-Tem, Timnath Town Council.

Microvast ordered the Technologies and Testing Centre in Colorado with a eyesight towards growth and innovation in the utility-scale battery power storage marketplace. The facility capabilities an engineering lab for solution growth and testing, a consumer training lab, a showroom as effectively as adaptable business house. Merchandise development, sales, marketing, project administration, and client care departments for Microvast’s power division will be headquartered from the new facility. The building’s design and style can accommodate upcoming enlargement as Microvast carries on to devote in men and women and property in Colorado.

About Microvast

Established in Houston, Texas in 2006 as a analysis and engineering driven firm, Microvast has advanced into a global chief in the design and style, development and manufacture of battery options for cell and stationary apps. Microvast provides a wide portfolio of fast-charging lithium-ion battery alternatives, with distinctive chemistries, overall performance properties and value factors to fulfill the various specifications of its buyer foundation. Microvast is renowned for its cutting-edge cell technology and its vertical integration abilities, which prolong from core battery chemistry (cathode, anode, electrolyte, and separator) to battery cells, modules and packs.

Due to the fact placing its initial battery programs into procedure in electric buses a lot more than a ten years back, Microvast has expanded its small business to serve a broad array of industrial, passenger and specialty automobiles, which include mining, product handling, and electricity autos and machines, as nicely as grid-scale strength storage apps.

For extra facts, be sure to go to www.microvast.com or adhere to us on LinkedIn or Twitter (@microvast).

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