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Valence Signs MOU with Siemens to Develop Batteries Compatible with Siemens’ Marine Hybrid Propulsion Systems

Valence Technology, Inc., a provider of lithium iron magnesium phosphate energy storage solutions, has signed a memorandum of understanding with Siemens Drive Technologies Division to develop modular and scalable energy storage systems compatible with a standard interface of Siemens’ ELFA Hybrid drive marine propulsion system.

The ELFA Hybrid drive range is already in use in buses, cranes and boats with more than 8 million hours recorded on systems from leading bus manufacturers as well as selected boat manufacturers.

Valence energy storage systems have been in operation with Siemens hybrid drive trains for more than three years in Wrightbus buses, which has multiple hybrid double deck buses operating in London.


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