From pv magazine ESS news place
As part of its international expansion strategy, Israel’s BLEnergy has deepened its partnership with the world’s leading battery manufacturer CATL. With their latest 4 GWh supply agreement, the companies expand their partnership beyond Israel and the Middle East, focusing primarily on the growing European energy storage market.
“We are pleased to extend the successful inter-party cooperation from Israel to Europe [this] represents an important step forward in our commitment to improving energy storage solutions,” said Nicholas Chen, CATL vice president of emerging markets.
The agreement is a continuation of the strategic relationship between the companies in line with BLEnergy’s goal to capture a “significant market share in the growing Israeli energy storage market.”
“This strategic partnership will strengthen our dominance in the Israeli market and enable us to bring our high-quality solution and services for full battery energy storage systems (BESS) to the fast-growing storage markets across Europe,” said Asaf Wassercug, CEO of BLEnergy. said.
The deal comes ahead of a tender from the Israeli regulator, which is expected to purchase 5 GWh of high-voltage energy storage systems. Israel is aiming for 30% renewable energy in its electricity mix by 2030, and storage is expected to play a key role in achieving national targets, reaching 20 GWh by then.
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