en.Wedoany.com Reported - On June 16, Sungrow announced that it has signed a framework agreement with global infrastructure investment management company Nuveen Infrastructure to deploy 1.32GWh of energy storage systems in renewable energy projects developed by Nuveen's portfolio companies, including Verdian.
Under the agreement, Sungrow will supply 302 PowerTitan 2.0 energy storage systems and 77 integrated medium-voltage stations (MVS). The PowerTitan 2.0 is an energy storage solution designed by Sungrow specifically for utility-scale applications, capable of storing and supplying energy on demand, thereby enhancing the flexibility and stability of renewable energy installations.
In addition to hardware supply, the contract includes a comprehensive long-term service agreement (LTSA) featuring a 98% system availability guarantee, extended warranty periods for key components, annual preventive maintenance, and 24/7 uninterrupted operational support.
Currently, Southern Europe is in an accelerated phase of energy transition, with rapidly growing renewable energy installed capacity. This brings increasingly prominent challenges in grid peak shaving demand and power supply stability. Energy storage solutions that can effectively manage generation fluctuations have become a critical need for local energy infrastructure construction. This agreement further strengthens Nuveen Infrastructure's clean energy strategic layout in Southern Europe.
Jordi Francesch, Global Head of Clean Energy Asset Management at Nuveen Infrastructure, stated: "By equipping our portfolio companies with world-class energy storage technology and proactive management tools, we are transforming European assets into data-driven, flexible energy systems, making renewable energy a truly reliable, secure, and dispatchable power resource."
It is understood that Nuveen Infrastructure, with over 35 years of industry experience, is one of the world's leading investors in sustainable energy infrastructure. The company consistently focuses on core assets that generate stable and long-term sustainable returns, continuously expanding its footprint in the clean energy and decarbonization sectors. The company believes that energy storage will be one of the key technologies in the evolution of Europe's power system, enabling a higher proportion of renewable energy integration into the grid and enhancing grid resilience. Notably, Sungrow's overseas energy storage deployment has accelerated significantly recently, securing major orders and achieving key project commissioning in South America and European markets within just half a month, demonstrating strong global competitiveness. On May 28, Sungrow formally signed an energy storage equipment supply agreement with Spanish independent power operator Sonnedix to provide a total of 643.8MWh of PowerTitan 2.0 energy storage systems for the Librillo energy storage power station project in Chile. On June 4, Sungrow signed a long-term cooperation agreement with global mining giant BHP to deploy 195MW of photovoltaic power generation and 960MWh of battery energy storage projects at its Escondida and Spence copper mines in Chile. Recently, the Bulgaria Nova Zagora 150MW/600MWh battery energy storage system, built by Sungrow in collaboration with international integrator Sunotec, was officially put into operation. This series of intensive major projects fully validates Sungrow's technical strength and brand advantages in the overseas large-scale energy storage field, and also marks the continuous consolidation of the company's core competitiveness in the European and South American new energy markets, laying a solid foundation for further deep cultivation of the global green energy market.
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