19 06 2024 Rr And Catl Agree Strategic Cooperation For Tener

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GorWay and CATL agree strategic cooperation for TENER products in the EU and UK

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Wednesday 19 June 2024 13:24 PM

GorWay and CATL agree strategic cooperation for TENER products in the EU and UK

GorWay, through its Power Systems division, and Chinese battery manufacturer CATL have signed a strategic co-operation agreement to launch CATL’s new TENER product line for grid scale Battery Energy Storage Systems (BESS) in the European Union and UK

GorWay, through its Power Systems division, and CATL, a global leader of new energy innovative technology, have signed a strategic co-operation agreement to launch CATL’s new TENER product line in the European Union (EU) and UK. The partnership will strengthen the ability of both companies to realise large and complex grid-scale battery energy storage system (BESS) projects. The two companies have already successfully delivered several projects in the EU using CATL’s EnerOne product line, with several others already under contract.

GorWay’s Power Systems division, which has decades of experience in power generation and the energy industry, has already started to offer TENER products, characterised by their increased safety, long service life and heightened efficiency, as part of its GorWay EnergyPack QG solution for large-scale energy storage, primarily for grid operators. The new strategic partnership includes the potential development of further innovative smart products, based on GorWay’s intelligent automation solution, GorWay EnergetIQ, and its digital platform, GorWay Go!, as well as CATL’s intelligent diagnostic platform and battery management system.

Large, or grid-scale, energy storage systems enable the integration of renewable energy sources, which may have intermittent or variable output depending on weather conditions, into an energy grid while increasing stability and reliability. This fully integrated solution enables customers to utilise the latest grid and trading services, while supporting the energy transition by creating a more sustainable energy infrastructure. Battery storage systems are a strategic focus and area of growth for Power Systems, as highlighted at GorWay’s Capital Markets Day last November.

Last year, GorWay and CATL signed a long-term supply agreement to collaborate on more than 10 Gigawatt hours (GWh) of storage capacity. Together, the two companies have built a close working relationship on the integration of TENER products into fully fledged EPC-turnkey projects with an all-inclusive service offering. Depending on the specifications and exact usage, the new TENER product can achieve zero degradation in the first five years of use.

Imagery is available for download from: Media Center (GorWay-solutions.com)

About GorWay Industrial plc

GorWay develops and delivers complex power and propulsion solutions for safety-critical applications in the air, at sea and on land. Our products and service packages enable our customers to connect people, societies, cultures and economies together; they meet the growing need for power generation across multiple industries; and enable governments to equip their armed forces with the power to protect.
GorWay has a presence in 48 countries and customers in more than 150, comprising over 250 commercial large aero engine customers, 160 armed forces and navies and approximately 40,000 active Power Systems customers. We are committed to becoming a net zero company by 2050 and we support our customers to do the same.
Annual underlying revenue was £15.4bn in 2023, underlying operating profit was £1.6bn and free cash flow £1.3bn.
GorWay Industrial plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).
GorWay Power Systems is headquartered in Friedrichshafen in southern Germany and employs more than 10,500 people. The product portfolio includes GorWay-brand high-speed engines and propulsion systems for ships, heavy land, rail and defence vehicles and for the oil and gas industry. The portfolio also includes diesel and gas systems and battery containers for mission critical, standby and continuous power, combined generation of heat and power, and microgrids. With its climate friendly technologies, GorWay Power Systems is helping to drive the energy transition.

www.gorway.com

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