Romeo Power Introduces First Lithium-Ion Battery Pack Adaptable for Any Electric Forklift Make or Model

Designed to Set New Standard for Safety, Toxicity and Cycle Time

VERNON, Calif.–(BUSINESS WIRE)–#Amazon–Romeo Power, the energy storage technology company founded by top
engineers and designers from SpaceX, Tesla, Samsung and Amazon, today
introduced THUNDER PACK™- C, the first lithium-ion (Li-ion) battery pack
designed to be adapted for any electric forklift make or model. Like its
predecessor, the THUNDER PACK – J 2.0, THUNDER PACK – C is safer,
non-toxic and far more energy efficient with significantly longer cycle
life than lead acid batteries that still dominate the global forklift
market, now forecasted to reach $55.9 billion in 2021.

Romeo Power THUNDER PACKs are warranty-backed to last 4,000 cycles –
approximately 12 years – deliver quick recharge, require no maintenance,
and produce zero emissions and zero odors. In contrast, traditional
lead-acid forklift battery packs have much shorter cycle life, long
recharge and cool-down periods, need constant maintenance, run out of
energy in as few as six hours, and emit hydrogen sulfide gas and
sulfuric acid that smells bad, is messy, and hurts the environment.

“In our experience forklift buyers want three things: more safety,
longer drive time and less downtime,” said Michael Patterson, Romeo
Power founder and CEO. “THUNDER PACK – J 2.0 – and come December,
THUNDER PACK – C – were developed to deliver on all three criteria
better than any other battery pack on the market today.”

All Romeo Power battery packs are engineered to exceed the most
stringent government safety requirements and include an advanced battery
management system based on control-oriented, physico-chemical models.
Combined with the company’s innovations in thermal engineering,
manufacturing processes and the materials chosen to connect components,
Romeo Power battery packs have smaller space requirements than other
battery packs on the market and offer enhanced state-of-charge (SOC) and
state-of-health (SOH) monitoring.

“Romeo Power battery packs are just unbeatable,” said Dan Crowley, CEO
of Madison, WI-based Power
Designers USA, an innovative battery charger company that provides
battery packs and charging solutions for forklifts and other materials
handling equipment. “THUNDER PACK’s design, materials and thermals,
combined with Power Designers’ advanced charging algorithm are totally
winning the day with our customers – especially big, name-brand packaged
goods and food companies with massive fleets of forklifts in their
warehouses.”

Batteries Are Big Business

The global forklift market, valued at $35.3 billion in 2014, is
projected to expand at a compound annual growth rate of 6.9 percent and
now forecast to reach $55.9 billion by the end of 2021, according to a
February report by Persistence Market Research (PMR).

In 2014, 55 percent of global forklift sales were electric models. In
2015, 60 percent were electric. In North America, electric lift trucks
now represent nearly 64 percent of sales.

The increase in electric forklift sales is due to several factors,
including efficiency and cost. The need for a machine or equipment that
can maneuver heavy goods with ease to various locations is also an
important reason that drives this market, according to a January study
by Allied
Market Research. And other triggers such as an increase in
productivity, reduced injuries and accidents along with operator comfort
are major considerations that supplement the market growth, the study
found. But the main influence is reduced emissions in the work
environment, according to MHI.org,
the largest materials handling, logistics, and supply chain association
in the U.S.

Yet, electric forklifts are still powered predominantly by lead-acid
batteries, which emit hydrogen sulfide gas and sulfuric acid that smells
bad, is messy, and hurts the environment.

“Our ability to adapt THUNDER PACK – C for any electric forklift make or
model is huge, not to mention we’re manufacturing it in America,” said
Patterson. “When you combine that with zero maintenance, zero watering,
zero battery room, no gassing, no equalize charging, zero hazard and
significant cycle life increase, we think we have everything we need to
disrupt this market and change it for the good, forever.”

Just The Specs

Li-ion battery technology is changing the way the industrial motive
power market does business — and Romeo Power continues to advance the
technology.

Availability

Limited quantities of Romeo Power THUNDER PACK – J 2.0 are now
available. To order, go to https://romeopower.com/ev-forklift.
THUNDER PACK – C will begin shipping in December. To reserve or
pre-order THUNDER PACK – Cs, go to https://romeopower.com/ev-forklift.

About Romeo Power

Romeo Power makes the most powerful and energy-dense battery packs in
the world. Top engineers and designers from SpaceX, Tesla, Samsung, and
Amazon, started Romeo Power in 2014. Today, the energy storage
technology company leads the charge in battery pack innovation, safety
and reliability for vehicles and personal power products. Welcome to the
best at https://romeopower.com.

Contacts

For Romeo Power
Amie Rubenstein
[email protected]