BASF SIGNS BATTERY DEAL WITH NGK;ENTERS ENERGY MARKET

摘要

New Business GmbH(BNB),a wholly-owned subsidiary of BASF,and Japanese ceramics manufacturer NGK Insulators Ltd(NGK)announced the conclusion of a sales partnership agreement(SPA).The agreement gives BNB non-exclusive rights to sell NGK's NAS battery via BASF's global channels.Both partners expect a synergistic effect from the broad business activities of the other.NGK's NAS battery is world's first commercialized megawatt-class battery which has the capacity to store large amounts of electricity for hours.The NAS battery system boasts an array of superior features,including larger capacity,higher energy density and longer life compared to other battery technologies.These features are beneficial for stationary applications? in contrast to lithium-ion batteries,for example,which are suited to deliver high power over shorter periods.The NAS battery system supports the increasing integration of fluctuating renewable energy sources such as wind and solar into the grid.It also enables deferral of transmission upgrade,because the electricity does not have to be transmitted immediately after being produced but can be discharged on demand.