Recently, CATL (300750) and battery energy storage project development company HGP reached a supply agreement for a 450MWh battery energy storage project. The two parties will also establish a long-term partnership to promote the implementation of up to 5GWh utility-scale and distributed energy storage projects to meet the growing demand for renewable energy in Texas, US.
It is reported that the 450MWh battery energy storage project will be deployed in Texas and is expected to start commercial operation in 2024. CATL will provide HGP with the outdoor prefabricated cabin system EnerC, which features high safety, long service life and high integration.
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