Photo: Nu Energy
Nu Energy and Investment’s strategic agreement on battery storage for the Western Balkans paves the way for its 500 MW renewable energy target.
Nu Energy and Investment DOO and Cospowers Technology Co., Ltd, one of China’s leading Tier 1 manufacturers, signed a Memorandum of Understanding (MoU) to cooperate on Battery Energy Storage Systems (BESS) for solar projects in the Western Balkans. The signing marks an important step towards the integration of advanced storage solutions into renewable energy infrastructure, aiming to enhance efficiency, stability, and sustainability in the region.
This strategic partnership is a crucial step toward Nu Energy’s goal of reaching 500 MW in renewable energy capacity! As part of its long-term investment strategy, the company will implement Cospowers’ cutting-edge battery storage technology to ensure reliable and uninterrupted clean energy supply across the Balkans.
Nu Energy to be EPC partner for energy storage projects
The key objectives of the agreement are:
- Advanced storage integration – Cospowers’ BESS technology will be assessed and implemented in future Nu Energy projects to enable 24/7 clean energy availability.
- EPC partnership – Nu Energy will serve as the Engineering, Procurement, and Construction (EPC) partner for energy storage projects, leading local implementation efforts.
- Market Development – Both companies will collaborate on feasibility studies, pilot projects, and technical demonstrations to drive innovation in the renewable energy sector.
This partnership aims to position the Western Balkans as a leader in energy storage solutions while accelerating the region’s transition to greater energy independence and lower carbon emissions.
Major leap toward future of energy
Nu Energy’s CEO Erkut Alkaya commented on the landmark agreement:
“The biggest challenge for renewable energy is storage! This collaboration with Cospowers will accelerate the region’s energy transformation and make clean energy more reliable. We are reshaping the energy landscape of the Balkans!”
Shan Su, CEO of Cospowers, added:
“With Nu Energy’s vision and our expertise in battery technology, we are creating a powerful synergy that will revolutionize clean energy in the Western Balkans. This partnership is a milestone in the region’s transition to sustainable energy.”
About Nu Energy and Cospowers
Nu Energy and Investment DOO is a Montenegro-based renewable energy company focused on developing clean energy projects and energy storage solutions in the Balkans.
Cospowers Technology Co., Ltd is a China-based technology company specializing in battery energy storage systems and grid integration solutions worldwide. In addition to lithium batteries, this year it commissioned a Na-Ion battery factory with a production capacity of 1.5 GWh per year.
Be the first one to comment on this article.