CATL signs 4 GWh supply deal with Israel’s BLEnergy

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From pv magazine ESS News site

As part of its international expansion strategy, Israel’s BLEnergy has deepened its partnership with the world’s leading battery maker CATL. With their latest 4 GWh supply deal, the companies are expanding their partnership beyond Israel and the Middle East, mainly concentrating on the growing European energy storage market.

We are excited to expand the successful cooperation between the parties from Israel to Europe and [this] represents a significant step forward in our commitment to enhancing energy storage solutions,” said Nicholas Chen, CATL’s vice president 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 collaboration will strengthen our dominance in the Israeli market and allow us to bring our top-quality full battery energy storage system (BESS) solution and services to the fast-growing storage markets all across Europe,” Asaf Wassercug, BLEnergy CEO, said.

The deal comes in the run-up to a tender run by the Israeli regulator which is expected to procure 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 the national goals, reaching up to 20 GWh by that time.

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