Pace Digitek Subsidiary Lineage Power Signs 3 GWh Battery Cell Supply Agreement with Rongjie Energy Tech

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What Happened ?

Key Details

Strategic Partnership Highlights:

• Lineage Power has entered into a long-term Master Supply Agreement with Guangzhou Rongjie Energy Technology Co., Ltd.
• The agreement covers the supply of 3 GWh of LFP battery cells along with related accessories.
• The supplied cells include 314Ah storage-specific prismatic battery cells designed for longer cycle life and enhanced operational safety.
• The agreement establishes long-term commercial terms covering pricing, quality standards, warranties and delivery schedules.
• Rongjie Energy Tech’s manufacturing base in the Guangdong–Hong Kong–Macao Greater Bay Area supports efficient international logistics.
• The partnership also includes collaboration on product validation, technical development, quality assurance and continuous product improvement.
• The battery cells will support both utility-scale and Commercial & Industrial (C&I) Battery Energy Storage System projects.

Note:

• The company has not disclosed the financial value of the agreement, contract tenure, pricing structure or expected revenue contribution arising from the partnership.

Risk Analysis

Summary:

• The agreement improves supply chain visibility and strengthens manufacturing capabilities, although commercial benefits will depend on project execution, customer demand and successful deployment of BESS projects.

Key Risks:

• Financial value of the agreement has not been disclosed.
• Revenue realization depends on execution of future BESS orders.
• Supply chain remains exposed to international logistics and geopolitical developments.
• Dependence on imported battery cells may be influenced by trade policies and regulatory changes.
• Commercial benefits will materialize only as manufacturing capacity and customer orders expand.

Worst Case:

• If demand for BESS projects slows or supply disruptions occur, the expected operational benefits and future revenue contribution from the agreement may be delayed.

Risk Level: Medium

Company Commentary

• The agreement secures a reliable long-term supply of high-quality battery cells for Lineage Power’s expanding BESS platform.
• The partnership enhances supply chain visibility and strengthens execution capability for utility-scale and C&I Battery Energy Storage System projects.
• Management believes Rongjie Energy Tech’s manufacturing capabilities, product quality and technology roadmap align well with the company’s long-term growth strategy.
• The collaboration establishes a framework for technical cooperation, product validation and continuous quality improvement.