American Energy Storage Innovations Inc., a US-based battery energy storage systems provider, announced on Wednesday plans for a new manufacturing facility in Malaysia by the fourth quarter of 2025.
According to a statement, this move enables AESI to deliver optimal return on investment for its customers while minimizing the risks of dynamic tariffs and geopolitical conditions.
The company said the decision factored in the additional tariffs on material sourced from China and the lack of a committed supply chain for a 100 percent US-manufactured BESS.
By shifting production to this new facility, AESI ensured customers would continue to receive their products at the most competitive prices.
“This option guarantees AESI customers will enjoy the best value at the best cost,” said AESI CEO Bud Collins in a statement.
“While others may be burdened by the economic limitations of their BESS production plans, we’re ensuring faster payback and superior ROI for our customers with no compromise on quality.”
China’s EVE Energy Partnership
AESI further announced in the statement that it has entered into an expanded master supply agreement to source about 20 gigawatt-hours of battery cells from China’s EVE Energy Co. Ltd. over three years. The partnership will allow AESI to meet the growing demand for its flagship product, TeraStor.
The company also agreed on three letters of intent with ESB Scotland Ltd for projects utilizing AESI’s TeraStor. The pacts represent a combined capacity of over 1.5 GW and will be delivered to three sites in the UK.
AESI develops lithium-ion BESS under the TeraStor brand. It also offers the StorView distributed energy management suite of software and control hardware for sizing, configuring, simulating, deploying and managing TeraStor.
The entity is a spin-off from American Battery Solutions Inc. It became an independent company in September 2023.
