Grenergy has formed a strategic alliance with Contemporary Amperex Technology Co., Limited (CATL) to advance the Oasis de Atacama project in Chile. This collaboration focuses on the Grenergy CATL energy storage goals.
This partnership is a milestone in establishing the world’s largest energy storage project. It features 1.25 gigawatt-hour (GWh) of batteries supplied by CATL, paving the way for advanced Grenergy CATL energy storage solutions.
Overview of the Oasis de Atacama Project
The Oasis de Atacama project in has a total storage capacity of 11 GWh and solar capacity of 2 GW. This is another significant step for Grenergy CATL energy storage capabilities.
With a $2.3 billion investment, it aims to generate 5.5 TWh of energy annually. Grenergy has secured energy sales from the initial phases, with negotiations for the remaining phases underway.
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Accelerating Energy Storage Implementation
Phase four of the Oasis de Atacama project will include over 220 EnerX containers. Each housing more than 7,100 battery modules. The Grenergy CATL energy storage initiative is evident in these advancements.
These containers are designed for high energy storage density and can safely operate at 4,000 meters above sea level. Moreover, the use of lithium iron phosphate (LFP) technology boosts both safety and reliability.
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Industry Impact and Future Prospects
David Ruiz de Andrés, Executive Chairman of Grenergy, stated, “The collaboration with CATL is a fundamental milestone to consolidate Oasis de Atacama. We are excited to have signed this first contract and to be working with the world’s leading battery manufacturers on a project that will make industry history.” This solidifies the Grenergy CATL energy storage partnership.
Mr. Tan, Chief Customer Officer and President of ESS at CATL, remarked, “CATL remains steadfast in its commitment to accelerating a sustainable energy future worldwide.”
He added “By collaborating with Grenergy on this pivotal project in the Chilean Atacama Desert, a region renowned for its abundant solar resources, we’re excited to empower the Chilean people with consistent and reliable access to clean electricity through our state-of-the-art energy storage solutions.”
Commitment to Sustainability
Grenergy’s commitment to sustainability is evident in its collaboration with CATL, which holds an ‘AA’ rating from MSCI. Grenergy has received the highest ‘AAA’ rating for three consecutive years. This partnership reflects a strong dedication to excellence in environmental, social, and governance (ESG) practices, further enhancing Grenergy CATL energy storage initiatives.