Swedish Company Polarium Announces The Launch Of Its Assembly Plant In Cape Town
Swedish Company Polarium Announces The Launch Of Its Assembly Plant In Cape Town. Swedish energy storage company has announced that it has opened its new assembly plant in Cape Town. The new factory is established in close partnership with American Tower Corporation (ATC) in Africa. With a yearly production potential of more than 300,000 batteries, the facility further increases Polarium’s presence in sub-Saharan Africa.
“The inauguration of our South African manufacturing facility is yet another milestone for Polarium, and a continuation of our longstanding strategic partnership with ATC. Not only will we increase our worldwide manufacturing capacity, but we will also increase our operational agility and bring production closer to our end-markets and customers on the African continent.” Stefan Jansson, CEO of Polarium said in a statement. After having been strategic partners since 2017, ATC Africa signed a multimillion-dollar lithium-ion battery bulk purchase agreement with Polarium in 2021, securing thousands of lithium-powered backup solutions for ATC Africa’s markets over the coming years. This deepened partnership has enabled Polarium to establish a new factory in South Africa, which when fully operational will be able to produce more than 300,000 batteries per year, equivalent to 4 Gigawatt hours.
“Partnering with Polarium enables us to harness renewable energy sources more effectively in furtherance of our sustainability strategy and progress our commitment to reduce our greenhouse gas emissions by at least 40% by 2035 in line with science-based targets. The partnership also supports the Government of South Africa’s goal of adding more renewable sources to its energy mix and decreasing its dependence on coal by 2030” Anne Mclaren at ATC Africa said in a statement.
Polarium provides energy storage solutions built on lithium-ion technology for the telecom, commercial, and industrial segments. Polarium’s headquarters and R&D center are situated in Sweden, with manufacturing in Mexico and Vietnam. Polarium serves customers worldwide through its global sales channels and presence in Indonesia, New Zealand, Sweden, South Africa, the UK, and the US.
