storage

Chile

Grenergy and CATL signal their first 1.25 GWh deal for Oasis de Atacama

Grenergy has taken a new step in the expansion of its emblematic Oasis de Atacama by closing a strategic agreement with the technology company Contemporary Amperex Technology Co., Limited known as CATL , to provide phase four of the project, which will begin construction in the coming weeks, with 1.25 GWh of batteries.
Grenergy and CATL signal their first 1.25 GWh deal for Oasis de Atacama
Oasis de Atacama. Courtesy of Grenergy.

CATL will supply Gabriela with its EnerX model containers that comprises more than 7,100 modules, which stands out for its high energy storage density and safety at high altitude of 4000 meters above sea level, allowing a greater amount of energy to be captured in less space, and uses LFP technology, making it a safe and reliable.

“The collaboration with CATL is a fundamental milestone to consolidate Oasis de Atacama” said David Ruiz de Andrés, Executive Chairman of Grenergy. “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.”

Grenergy has a strong commitment to sustainability, as evidenced by its collaboration with CATL, which has an 'AA' rating from MSCI (Morgan Stanley Capital International). Grenergy has also been recognized by MSCI for the third consecutive year with the highest rating of 'AAA'. This strategic partnership reflects a strong long-term commitment to excellence in environmental, social and governance (ESG) practices.

Oasis de Atacama project is making good progress. Located in northern Chile, Oasis de Atacama has a storage capacity of 11 GWh and a solar capacity of 2 GW. With an overall investment of $2.3 billion, it will produce 5.5 TWh of energy annually. Grenergy has already agreed to sell the energy from the first four phases, with the remaining phases in advanced negotiation.

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CATL

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