China Machinery Engineering Corporation（CMEC） and CATL- KSTAR have signed a global strategic cooperation agreement for energy storage business recently.
Energy storage will play a key role in the future of developing a low-carbon electricity system. Energy storage can supply more flexibility and balancing to the grid, providing a back-up to intermittent renewable energy. Internationally and locally, it can improve the management of distribution networks, reducing costs and improving efficiency.
To meet the growing market ESS needs and for a greener world, both parties CMEC and CATL- KSTAR signed off on the MOU.The two parties will take their advantages and resources to work closely to develop and explore the global energy storage market. Both agree that a good relationship will make bilateral cooperation more extensive and in-depth,which will boost the development and enhance the competitiveness in the global PV energy storage market.
" We are thrilled to partner with CMEC.The partnership is exciting for us.This win-win partnership will allow us to work more closely with CMEC to develop energy storage projects globally and to strengthen both brand internationally as we continue to expand global market among different countries." Said Mr. Liu, General Manager of KSTAR."With this agreement, we can help deliver great value to clients through deep expertise and wealthy experience.”
CMEC is a large international comprehensive enterprise held by China National Machinery Industry Corporation Ltd (Sinomach), whose core business is project contracting. The business covers international trade, investment, research and development and international service. With the perfect quality, environment, occupational health and safety management system and many years of innovation and development, CMEC has become a famous international brand, whose business covers more than 150 countries and regions in five continents. As a China first-class and famous international EPC and service provider, CMEC promises to continue to provide high-quality service with high added value and high economic returns, and devotes to mutual benefits and development and harmonious progress by adhering to the business philosophy of “making imagination come true”, and makes the world a better place.
CATL-KSTAR, the joint venture of KSTAR and CATL, focus on the R&D and production of energy storage system PCS, EMS, battery packs (including UPS-integrated Li-ion battery packs, residential energy storage battery packs, and packs for small-to-medium Li-ion batteries of nonstandard size), as well charging stations and “solar+storage+charging” integrated products. CATL-KSTAR is committed to providing global customers with the smart solutions of Micro-grid, frequency modulation, peak load shaving and PV storage system as well as offering the mature global service network and fast response service.
Until now, there is 25 GW installation for KSTAR worldwide. KSTAR has been a trusted partner for global energy companies and customers. For CATL, based on annual shipments, CATL is the world's third largest provider of EV, HEV and PHEV battery solutions.Thus, the joint-venture CATL-KSTAR is the optimal manufacturer and supplier for new energy companies and customers.