The agreement now also includes phase 3, bringing the total capacity to 3 GWh and making it the Asian multinational's largest agreement to date. As part of this collaboration, BYD will supply Grenergy with its MC Cube model for the Victor Jara project. It is scheduled to arrive at the facility in the second quarter of 2025 and to start operating in the same year.
The agreement includes a total of 537 containers, equivalent to the storage capacity of more than 9,000 electric buses and a range of more than 1.6 million kilometres.
The initiative is a continuation of the first and second phases of the Oasis de Atacama project, which was signed earlier this year. Phase 1 has recently passed the FAT check process, which certifies the correct functioning of the batteries for shipment.
“The extension of this strategic agreement with BYD marks a key milestone in our expansion plans, driving storage projects on an unprecedented scale” said David Ruiz de Andrés, CEO of Grenergy. “We continue to consolidate our vision of a more efficient and sustainable energy system with technology that responds to the current and future challenges of the sector.”
Located in northern Chile, Oasis de Atacama is the world's largest storage project. The project already has 75 percent of its energy contracted through long-term contracts (PPAs) and the first phase is expected to be connected by the end of 2024, with the remaining phases mostly connected by 2025.
“Our partnership with Grenergy exemplifies our shared commitment to innovation and sustainability, and I am immensely proud of what we are achieving together” added Yin Xiaoqiang, General Manager of BYD Energy Storage. “With a shared vision, we are set to redefine the landscape of energy storage and drive progress toward a greener tomorrow.”
For additional information:
