Microvast Opens New Technology and Testing Center in Colorado

Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops, and manufactures lithium-ion battery solutions, today announced the opening of a new 30,000 square foot Technology and Testing Center in northern Colorado.

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Microvast team members, joined by members of the Timnath Planning Commission and Mayor Pro-Tem, celebrate the opening of Microvast’s new Technology and Testing Center in northern Colorado during a ribbon cutting ceremony in front of a prototype BESS ME-4300 energy storage container. (From left to right): Daryl Robinson-Young, David Hincks, Brook Kimber, Nick Valcho, Zach Ward (President of Microvast Energy), Eric Seymour, Marty Jost (Timnath Planning Commissioner), Gabe Hart, Phil Goldstein (Chair, Timnath Planning Commission), Brett Hansen (Mayor Pro-Tem), Don Morgan, Gregory Kumor and Brooke Bentley. (Photo: Business Wire)

“Our Technology and Testing Center will usher in the next phase of Microvast’s expansion and growth,” said Zach Ward, President of Microvast Energy. “This facility will create dozens of new STEM and other attractive jobs as Microvast continues to serve as an economic engine in Colorado. Our team pushes for excellence in technology innovation and execution as we gain momentum in the development, manufacture, and application of battery energy storage systems for utility-scale projects.”

Earlier this month, Microvast announced that its energy division secured a large contract to supply a 1.2GWh battery energy storage project co-located with a solar plant in the United States. Microvast’s growing team in Colorado was instrumental to this project win, which is expected to be one of the first in a robust pipeline of grid-scale energy storage projects to incorporate battery cells manufactured in America at Microvast’s 2GWh facility in Clarksville, Tennessee. Microvast will supply its industry-leading 4.3MWh ESS liquid cooled, 20 foot container with a long battery life of more than 10,000 cycles under normal operating conditions.

The new Technology and Testing Center is located in Timnath, Colorado, a suburb north of Denver near Fort Collins. Microvast recently welcomed local community leaders during a ribbon cutting ceremony to celebrate the facility’s opening. “Welcome to Timnath, Microvast! On behalf of the Timnath Planning Commission, we welcome your forethought in locating your latest operation in our growing community,” said Phil Goldstein, Chair, Timnath Planning Commission. “I enjoyed meeting your team at the ribbon cutting and appreciated the tour and information on your work. Thank you for having us and best wishes as you ramp up with your hiring and production.”