The MoU signing took place in London, attended by GPC’s Daniel Tain and Envision’s Lei Zhang. The MoU was formally signed by Fubin Lu, chief procurement officer of GPC and Henry Peng, senior vice president, Envision Energy & president of EU & LATAM Regions. Image courtesy GoldenPeaks Capital.
GoldenPeaks Capital (GPC) and Envision are cooperating on the supply and deployment of 1GWh of advanced BESS projects across Europe, designed to deliver rapid response to renewable intermittency and enhanced system flexibility.
The agreement marks a new milestone in GPC’s strategy to expand its energy storage portfolio with cutting-edge tech partners and builds upon Envision’s next generation utility-scale Gen 8 BESS technology.
Under the agreement, Envision, a Chinese renewable solutions developer, will supply its latest generation of high energy density BESS technology.
The first two projects, totalling 344MWh of a planned 1GWh volume, have already been awarded to Envision, marking the initial phase of implementation under this cooperation.
According to the company in a release, the tech is designed to deliver rapid response for the intermittency of renewable power sources, enabling enhanced system flexibility at grid-scale.
GPC, an independent renewable power producer operating in Central and Eastern Europe, has already secured 2.5GWh of Capacity Market-awarded BESS projects in Poland.
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All GPCH BESS projects have secured long-term revenue streams, having successfully won capacity market contracts, which they say enables predictable and stable cash flows for BESS assets that will bring much needed grid support services to the Polish grid.
Said Daniel Tain, co-founder and co-chairman of GoldenPeaks Capital: “This MoU marks another important step in our commitment to deliver innovative and scalable energy storage solutions across Europe.
“Envision’s high energy density technology perfectly complements our strategic vision to deploy state-of-the-art systems that support the reliability and sustainability of Europe’s power grids.”
Said Envision chairman Lei Zhang: “We are entering a critical era in which renewable energy must go hand in hand with world-class energy storage for grid stability and flexibility. This collaboration with GoldenPeaks Capital reflects our commitment to transform Europe’s energy infrastructure at scale.”
GCP has more than 15 years of experience and a growing pipeline of solar and storage assets.
