Inside Forsee Power’s battery production plant in Poitiers (France)
Situated on a brownfield investment dated 2018, the facility was previously used as a diesel engine piston plant. The industrial site spans 10,000 square meters for production, with an additional 2,500 square meters dedicated to components and 2,000 square meters for shipping operations. Forsee Power plans to scale up production to reach 4 GWh by 2028.
On 27th February 2024, along with our sister platform Sustainable Bus, we had the opportunity to visit Forsee Power‘s industrial plant in Poitiers, France. Situated on a brownfield investment dated 2018, the facility was previously used as a diesel engine piston plant. Our visit offered a glimpse into a facility transformed into a hub of modern energy solutions.
Forsee Power in France: the battery plant
Notably, e-bus-related business covers roughly two thirds of Forsee Power’s sales. However, their products are utilized across various sectors, with a focus on heavy commercial vehicles (trucks and buses), heavy machinery, rail, light vehicles such as 3-wheelers and scooters. Concerning cell providers, Forsee’s preferred (but not only) partners are LG, CALB, and Toshiba.
The facility in Poitiers spans 10,000 square meters for production, with an additional 2,500 square meters dedicated to components and 2,000 square meters for shipping operations.
Forsee Power specializes in battery packs for both first-life and second-life applications, and had experienced a 54% growth in revenue from 2022 to 2023 (up to €171.4 million). The share of heavy vehicles represented 85% of sales in 2023, compared with 79% at the end of 2022. Their products are utilized across various sectors, with a focus on heavy commercial vehicles (truck and buses), heavy machinery, rail, light vehicles such as 3-wheelers and scooters. Concerning cell providers, Forsee’s preferred (but not only) partners are LG, CALB, and Toshiba.
Batteries with LFP technology available
In terms of products, the latest news of the company is the addition of LFP formula in its offering, announced in September 2023, besides NMC and LTO-based products.
Looking forward, Forsee Power aims to achieve equilibrium in EBITDA by 2024, with a projected 15% positive EBITDA by 2028. Plans for expansion include scaling up production in Poitiers (today installed capacity of 2 GWh) to 4 GWh by 2028, alongside developments in the company’s other facilities in Poland, China, India, and the USA.
