French Saft starts production of lithium-ion batteries in Germany

Jul 26, 2013 - French high-end batteries maker Saft Group (EPA:SAFT) said on Wednesday it is launching series production of its lithium-ion batteries in Germany.

The batteries will be a part of the BPT-S 5 hybrid intelligent energy management and storage solution of German Bosch, which targets the fast-growing residential photovoltaic (PV) electricity sector, Saft said.

With subsidies of a total of EUR 25 million (USD 33.2m) until the end of the year for eligible, certified decentralised battery storage systems supporting an on-grid PV system, the market potential is estimated at between 8,000 and 10,000 systems, the French company added.

(EUR 1.0 = USD 1.327)

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