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Valence Technology receives $12M purchase order from Wrightbus for Li-ion batteries

Valence Technology, Inc. has received a purchase order valued at $12 million from Wrightbus, for lithium iron magnesium phosphate batteries to be delivered through 2015. Wrightbus, which has had a relationship with Valence since 2007, selected Valence as the battery supplier of choice for Wrightbus’ range of hybrid vehicles.

We are very pleased to work with Wrightbus as they continually meet the evolving needs of their customers. This order once again demonstrates that we have the technology of choice for leading edge hybrid and electric commercial fleets. Valence has been manufacturing safe, reliable energy storage solutions since 2005. Over the last eight years, we have powered more than 60,000 motive applications including electric trucks, buses, commercial delivery vehicles, scooters, motorcycles, and personal mobility vehicles.

—Joe Fisher, CEO and president, Valence Technology

Valence recently announced the availability of the U-Charge P40-24, the first in a new generation of high-power battery modules utilizing the company’s lithium iron magnesium phosphate chemistry. The 1.024 kWh (25.6 V, 40 Ah) module is capable of 10-second discharge pulses of up to 700A (17C) and continuous discharge currents of 240A (6C). Along with providing high power discharge capabilities, the P40 can also be recharged from a 0% state of charge (SOC) to 90% SOC in less than an hour. (Earlier post.)


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