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SUNOTEC and Huawei ink second agreement for BESS cooperation

SUNOTEC Founder and CEO, Kaloyan Velichkov signs BESS cooperation MoU with Li Shaowei, General Manager of Huawei Technologies, Bulgaria in Shenzhen, China.

Europe's leading integrated solar solutions provider, SUNOTEC on Friday (March 8) signed a Memorandum of Understanding with Huawei Technologies Bulgaria EOOD to further strengthen their cooperation for the supply of battery energy storage systems.

As part of the MoU, Huawei will ensure a reliable supply of BESS either directly or through Huawei's official distributor, while providing comprehensive technical support with regards to project execution in Bulgaria.

"We are pleased to announce the formalization of our second Memorandum of Understanding with Huawei, signaling a deeper commitment to advancing green energy initiatives. Through this partnership, we aim to pave the way for a carbon-free future, driving innovation and fostering environmental stewardship which corresponds with our 2030 vision", said Kaloyan Velichkov, Founder & CEO of SUNOTEC.

The next steps post-signing MoU include starting with the first phase of integration of BESS in major projects in Bulgaria.

"It is our great pleasure to sign the second MoU with SUNOTEC to deepen our cooperation in the green energy sector and specifically for the development of battery energy storage systems. This partnership marks a significant milestone in our commitment to revolutionize the energy industry and drive sustainable solutions for a greener future", said Hongqi Huang, President of Huawei Digital Power Global Sales.

Wood Mackenzie’s BESS integrator market share ranking (based on integrators' BESS shipment numbers in 2022. The numbers include both grid-acle and community and C&I sectors). Source: Wood Mackenzie.

According to Wood Mackenzie analysis, the global BESS integrator market has grown increasingly competitive, with the top 5 system integrators accounting for over 60 percent of overall BESS shipments (MWh). The Top 5 BESS system integrators globally include Sungrow, Fluence, Tesla, Huawei, and BYD.  

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Author : Shraddha Kakade
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