Durapower Signs MOU with EST Floattech to Co-Develop Products for Marine Electrification

Durapower, a global leader in performance lithium battery storage solutions, has signed a Memorandum of Understanding (MOU) with EST Floattech B.V. (EST) that establishes a partnership between Durapower and EST to co-develop battery solutions for marine vessel electrification, and to jointly market the solutions in each of their respective regions.

The jointly developed battery solution is envisaged to come in both high-energy -and high-power configurations using modular battery building-blocks, making it versatile for different marine applications. 

The Marine Battery Solution is expected to be launched  by the end of 2022,  

"In choosing a co-development partner in Asia, we had to choose one that had not only had track record of proven technology, but also one who had the right networks in place to help open the Asian market for us. Naturally, Durapower was the leading choice and we are excited to see how the European and Asian markets respond to our new solution once it is launched", remarked Mr Hans Visser, CEO of EST-Floattech.

Mr Tan Wah Jin, Business Development Director, of Durapower commented: "We are pleased to collaborate with EST-Floattech, a world leader in maritime battery power solutions, on a cutting edge new marine battery solution that due to its modular building-block nature, can be customised for a wide variety of marine vessels. This new marine battery solution will help to augment our product offerings and help us capitalise on our first mover advantage in the marine space in Asia."