BASF New Business | Energy Storage
NAS® Battery – High-energy, Long-duration Stationary Energy Storage
Yongin, South Korea, and Ludwigshafen, Germany, September 10, 2020 – BASF New Business GmbH (BNB), a wholly owned subsidiary of the German chemical company BASF SE, and the leading Korean P2G system company G-Philos have signed a memorandum of understanding (MoU) to cooperate in P2G projects globally. Up to 2022, BNB will supply NAS® batteries that can provide a total of 19.2 MWh of energy to G-Philos for P2G projects. BNB will support G-Philos in further P2G projects and in the development of business with Power Conversion Systems (PCS) for NAS® batteries in South Korea as well as in the global market. Through the collaboration, the two companies expect synergy effects in the field of P2G systems for green hydrogen production.
Nagoya, Japan, and Ludwigshafen, Germany, November 7, 2019 – BASF New Business GmbH, a wholly owned subsidiary of the German chemical company BASF, and Japanese ceramics manufacturer NGK INSULATORS, LTD. are expanding their cooperation. In addition to the sales partnership agreement for NAS® batteries announced in June 2019, they have now entered into a joint development agreement (JDA) to develop the next generation of sodium-sulfur batteries.
Nagoya, Japan and Ludwigshafen, Germany, June 11, 2019 – BASF New Business GmbH (BNB), a wholly-owned subsidiary of the German chemical group BASF, and Japanese ceramics manufacturer NGK INSULATORS, LTD. (NGK) today 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.