Matthews International Receives Over $200 Million in Orders from EV, Battery, and Hydrogen Component Manufacturers

Matthews International Corporation announced that it has received orders totaling more than $200 million in the first quarter of fiscal year 2023 for its energy storage solutions.

These orders have come from various electric vehicle, fuel cell, and battery manufacturers seeking equipment and services for their rapidly expanding businesses.

“We are very pleased to see continued strength in orders for our energy storage solutions. This order rate reflects industry interest in the proprietary nature of our unique solutions,” said Joseph Bartolacci, President and CEO of Matthews. “Over the past two fiscal years, our energy storage solutions business has more than tripled. With these orders, we are potentially on track this fiscal year for another year of very significant growth.”