Global Growth Motivates K2 Energy's Joint Venture Agreement with Tesson New Energy for Expanding Battery Energy Storage Evolution
Nov 12, 2018, 18:12 ET
HENDERSON, Nev., Nov. 12, 2018 /PRNewswire/ -- The strategic goals of the Joint Venture agreement between K2 Energy Solutions and Tesson New Energy are to establish multi-level cooperation in technology, products, brands, marketing and business development to further expand K2 and Tesson's Engineering Development, R&D, and product cooperation around the world.
"This Joint Venture will allow K2 Energy to access Tesson's manufacturing and production strengths, while K2 will provide technology, products, and processes to support Tesson," said Frank O'Donnell, Chairman of the Board of K2 Energy. "This will help K2 open the markets of EV batteries, NCM/NCA battery cells, as well as other energy storage opportunities."
"With K2's industry leading cell and battery chemistries, we can bring Tesson to the broader market and quickly grow our already great customer base. This is an exciting time for K2, with the increased worldwide demand for cost-effective and reliable energy storage solutions." O'Donnell said, "Working alongside Tesson will leverage our resources so both companies develop to match the increasing global growth."
Tesson is based in Hong Kong with multiple subsidiaries. Tesson Holdings Limited (HongKong: HK01201) is the holding company of Tesson New Energy CO. (Shenzen), LTD. As the integrated plan provider for EV/PHEV Li-on battery and clean energy storage battery, Tesson is committed to leading the development in global NCM/NCA Li-on battery industry.
In addition, Tesson New Energy CO. (Weinan), LTD. promotes the research and development, production, sales and services of Li-ion powered batteries and related series of products in order to create a large industrial base.
K2 Energy Solutions is a leading developer and producer of Lithium Iron Phosphate cells, batteries, and systems used in advanced medical, industrial, and military applications. K2's world-class team of scientists and engineers has extensive experience in all aspects of energy storage design, systems integration, manufacturing, support testing and quality control. K2's knowledge base encompasses the cell, pack, and system level all while optimizing battery solutions to achieve customer goals.
K2 Energy Solutions, Inc.
SOURCE K2 Energy Solutions, Inc.
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