Lineage Power Signs Master Supply Agreement for 3 GWh of LFP Battery Cells with Guangzhou Rongjie Energy Tech
Lineage Power Pvt Ltd, a material subsidiary of Pace Digitek Limited, has secured a strategic Master Supply Agreement (MSA) with Guangzhou Rongjie Energy Technology Co., Ltd (RJE Tech). The agreement mandates that RJE Tech will supply 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories to Lineage Power.This partnership marks a significant move in bolstering the company's battery cell sourcing infrastructure, supporting the expansion of its Battery Energy Storage System (BESS) manufacturing platform for utility-scale and commercial and industrial (C&I) applications.
The collaboration is set to ensure long-term supply chain stability for Lineage Power. The strategic highlights of the agreement include:
- Supply Security: Guaranteed provision of 3 GWh of next-generation LFP cells.
- Advanced Technology: Utilization of RJE Tech's new 314Ah storage specific prismatic cells, designed for enhanced safety and longer cycle life.
- Operational Framework: Establishment of clear long term terms covering pricing, quality standards, warranties, and delivery schedules.
- Strategic Logistics: Leveraging RJE Tech’s manufacturing base in the Guangdong-Hong Kong-Macao Greater Bay Area to ensure efficient shipment to India and international markets.
Commenting on the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that securing a dependable long term supply of high quality battery cells is critical for developing a resilient Battery BESS platform.
He added that the agreement with Rongjie Energy Tech strengthens their manufacturing ecosystem and enhances supply chain visibility, reinforcing their capacity to execute utility scale and C&I BESS projects with greater confidence. Mr. Maddisetty noted that following comprehensive technical and commercial evaluation, RJE Tech’s product quality and technology roadmap were found to be well aligned with the company's long term growth strategy.
Lineage Power Pvt Ltd is an advanced provider specializing in power management and energy conversion solutions, focusing on efficiency, reliability, and sustainability. As a material subsidiary of Pace Digitek Limited, it concentrates on the design and manufacture of high-performance power systems, including customized energy storage solutions (BESS), DC power plants, and AC-DC power supplies.
Pace Digitek Limited operates as an integrated infrastructure and energy solutions company across both the Energy and Telecom & ICT business segments. The company manages the entire value chain, encompassing Manufacturing, Engineering, Procurement & Construction (EPC), and Operations & Maintenance (O&M) activities. Through its subsidiary, Lineage Power Private Limited, it drives the design, integration, and deployment of Battery Energy Storage Systems.
PACEDIGITK Stock Price Movement
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