BYD Energy Storage and Saudi Electricity Company have recently signed a contract for the world's largest grid-side energy storage project, with a capacity of up to 12.5GWh. Together with the 2.6GWh project that has been delivered previously, the total capacity of the cooperation between the two parties has now reached 15.1GWh.

The signing of this agreement marks a solid and crucial step forward in the cooperation between the two parties in the field of renewable energy, injecting strong momentum into the development of Saudi Arabia's renewable energy industry and helping Saudi Arabia achieve its "Vision 2030" goals. This also means that BYD Energy Storage has set a new milestone in global ultra-large-scale energy storage projects. With its leading technological advantages, excellent delivery capabilities, a complete after-sales support system and all-round comprehensive strength, BYD Energy Storage has successfully won high praise and deep recognition in the global market and reached the pinnacle of the industry.

This cooperation with BYD Energy Storage demonstrates Saudi Electricity Company's determination to introduce advanced energy storage technology, improve Saudi Arabia's energy utilization efficiency, promote leapfrog development in the field of renewable energy, and achieve the goal of renewable energy accounting for 50% of the energy structure by 2030.

The 12.5GWh energy storage system signed this time will be installed in five project sites. BYD Energy Storage provides Saudi Electricity with a new generation of "MC Cube-T Magic Cube Energy Storage System", which uses BYD Energy Storage's world-first CTS (cell direct to system) super integration technology, with a Vcts (cell volume as a percentage of system volume) index exceeding 33%. The 12.5GWh energy storage system will be fully connected to Saudi Arabia's power transmission network system to ensure the stability of power supply. At the same time, it will promote the development of Saudi Arabia's energy infrastructure in a flexible, efficient and economical way, help energy transformation, and add momentum to Saudi Arabia's energy security.

BYD has been deeply involved in the energy storage field for 17 years, and has always adhered to the development concept of "technology is king, innovation is the basis". The company has gathered the world's top scientific research talents and advanced R&D resources, and has achieved a series of breakthrough results in the core technology field of energy storage systems. The product matrix fully covers various application scenarios such as power supply side, grid side and user side. BYD Energy Storage has formed a complete industrial chain integrating energy storage product R&D, manufacturing, sales and services, and is committed to providing global customers with "full-scenario, full-value, full-ecological" overall energy solutions.

17 years ago, BYD delivered the first pilot battery energy storage system to the market, exploring the value potential of coupling lithium iron phosphate battery systems with power systems. To date, BYD's energy storage products have been distributed in more than 110 countries and regions around the world, delivering more than 350 energy storage projects, and has more than 75GWh of commercial operation experience. Based on its profound heritage and rich experience, BYD Energy Storage has the comprehensive strength to supply more than 15.1GWh of ultra-large-scale projects at one time, and has demonstrated excellence in quality control, delivery and after-sales support.

As a major achievement in the industry, this signing will redefine the value and status of electrochemical energy storage solutions in the global energy system. Taking this cooperation as a new starting point, BYD Energy Storage will continue to increase investment in technology research and development, accelerate global business expansion, continuously iterate product and service quality, promote the widespread application and deep integration of energy storage technology, and work with global partners to welcome the new era of energy transformation and lead the energy storage industry towards a clean and sustainable future!

Links:

www.bydenergy.com
www.bydglobal.com

Media Contact:

Qifen Zhong
zhong.qifen@fdbatt.com

Source: globenewswire.com

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