Electricity

Nu Energy, Cospowers join forces to revolutionize energy storage in Western Balkans

Nu Energy Cospowers energy storage Western Balkans

Photo: Nu Energy

Published

February 27, 2025

Country

Comments

comments icon

0

Share

Published:

February 27, 2025

Country:

Comments:

comments icon

0

Share

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.

Nu Energy energy storage Western Balkans

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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

bih republic of srpska hydropower plants bistrica tunnels petar djokic

Three hydropower plants on Bistrica river to be finished by end-2026

18 April 2025 - Chinese company AVIC is in charge of building the three hydropower plants on the Bistrica, with a total capacity of 39 MW

albania france kesh afd drin hydropower energy storage

Albania’s KESH, France’s AFD sign MoU on hydropower management, energy storage 

18 April 2025 - KESH and Agence Française de Développement have signed an MoU on the Drin cascade management and advanced energy storage planning

bih federation ephzhb court poklecani urban permit arhaus

Supreme Court of Federation of BiH annulls urban permit for Poklečani wind farm

17 April 2025 - The project is being developed by Elektroprivreda HZHB, one of the three state-owned power utilities in Bosnia and Herzegovina

Minister Admir Sahmanović formally assumes energy, mining portfolio in Montenegro

Minister Admir Šahmanović formally assumes energy, mining portfolio in Montenegro

17 April 2025 - Minister of Energy and Mining of Montenegro Admir Šahmanović was formally voted in as the two ministries that he ran were merged