Lineage Power Pvt. Ltd. (“Lineage Power”), the material subsidiary of Pace Digitek Limited has entered into a Master Supply Agreement (MSA) with Guangzhou Rongjie Energy Technology Co., Ltd. (RJE Tech),a leading Chinese manufacturer of lithium-ion battery cells.
Under the agreement, Rongjie Energy Tech will supply 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories to Lineage Power. The agreement represents a significant step in strengthening the Company’s battery cell sourcing framework and supports its expanding Battery Energy Storage System (BESS) manufacturing platform and execution capabilities across utility-scale and commercial & industrial (C&I) applications.
Strategic Highlights
- Supply Security: Secures 3 GWh of next-generation LFP cells toensure long-term supplychain stability.
- Advanced Technology: Features Rongjie Energy Tech’s new 314Ahstorage-specificprismatic cells, built for longer cycle life and higher safety.
- Operational Framework: Establishes clear, long-term terms forpricing, quality standards,warranties, and delivery timelines.
- Strategic Logistics: Leverages Rongjie Energy Tech’s manufacturingbase in theGuangdong–Hong Kong–Macao Greater Bay Area for efficient shipping to India and international destinations.
- Technology & Quality Collaboration: Establishes a framework fortechnical collaboration,product validation, quality assurance and continuous product improvement.
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: “Securing a reliable long-term supply of high quality battery cells is fundamental to building a scalable and resilient Battery BESS platform. This agreement with Rongjie Energy Tech strengthens our manufacturing ecosystem, enhances supply chain visibility and reinforces our ability to execute utilityscale and C&I BESS projects with greater confidence.
Following a comprehensive technical and commercial evaluation, we found Rongjie Energy Tech’s manufacturing capabilities, product quality and technology roadmap to be well aligned with our longterm growth strategy.”
