CATL, Gresham House strike deal targeting 10 GWh of BESS
Chinese battery firm Contemporary Amperex Technology Co., Limited (CATL) and UK-based energy storage developer Gresham House Energy Storage Holdings plc have recently entered into a long-term agreement on the supply of up to 7.5 GWh of battery energy storage systems (BESS).
Both parties have also committed to increase the scope to 10 GWh of BESS for use in utility-scale energy storage.
CATL has said that the symbiotic, long-term strategic partnership, as one of the first few that the company has entered into with owners of BESS assets, represents a trailblazing form of collaboration in the energy storage industry.
This partnership of two large players in their respective areas will enable the acceleration of the deployment of BESS, a crucial technology for enabling the deployment of renewables on an even larger scale and achieving global carbon neutrality targets, it added.
However, the companies provided no details on the locations of the targeted BESS capacity and specific time-frame for their construction or operationalization.
Gresham House Energy Storage Holdings plc is the UK's largest owner of utility-scale BESS advancing renewable energy transition in the country. It is reported that the company expects to reach a total operational capacity of 1GW/1.2GWh battery energy storage by the first quarter of 2023.
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