Global Infrastructure SherpaFactorial partners with Philenergy for strategic manufacturing of solid-state batteries
manufacturing
Stage
Solstice battery platform
Project
Factorial Inc. and Philenergy signed a memorandum of understanding for a strategic manufacturing collaboration for solid-state batteries.
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Counterparts (3)
Partner
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Philenergy Co., Ltd.
Seoul-based renewable energy developer and operator specializing in utility-scale solar, wind, and energy storage system (ESS) projects across South Korea. The company provides total solutions from project development to construction and operation, with a track record of over 400 MW in developed capacity.
Factorial
Factorial is a Barcelona-based technology company providing an all-in-one business management software solution for HR, payroll, time, talent, finance, and IT processes. Leveraging AI, its platform automates administrative tasks for over 15,000 companies globally, including those in the construction industry.
P
Philenergy
Athens-based renewable energy developer and operator, Philenergy S.A., part of the Philklima Group, has developed and operates over 100 MW of solar PV and wind power projects across Greece since its founding in 2006. The company is exploring energy storage systems and plans international expansion.
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Sign up free →Deal Analysis
On 2026-03-03, Factorial Inc. and Philenergy announced a strategic manufacturing partnership for solid-state batteries in South Korea. The undisclosed value deal involves Philenergy, a Greek renewable energy company, and Factorial, a human resources software firm. This partnership targets the storage technology sector.
- Deal announced 2026-03-03.
- Partnership for solid-state battery manufacturing in South Korea.
- Factorial Inc. (HR software) partners with Philenergy (Greek renewable energy).
- Deal value not disclosed.
Source Intelligence
KEY DETAILS
Factorial Inc. and Philenergy signed a memorandum of understanding (MOU) for a strategic manufacturing collaboration. The collaboration aims to scale Factorial's Solstice battery platform using Philenergy's advanced production and supply chain infrastructure.
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Location
South Korea’s Philenergy
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Announcement
03-Mar-2026 12:41 GMT News
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Signing
Factorial Inc., the US-based solid-state battery company, has signed a memorandum of understanding (MOU)
PARTIES MENTIONED IN SOURCE
F
Factorial Inc.
partner
"Factorial Inc., the US-based solid-state battery company"
P
Philenergy
partner
"Philenergy, South Korea's leading battery equipment and infrastructure provider"
high quality
Enriched Mar 7, 2026
Timeline
Announced
Mar 3, 2026
Signed
Mar 3, 2026
Closed
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