• BYD has signed an agreement with Spain’s Grenergy to supply an additional 3.5 GWh of energy storage systems.
  • The supply is for Oasis Atacama in Chile, one of the largest electrochemical energy storage projects in the world.
(BYD MC Cube-T BESS. Image credit: BYD)

BYD Energy Storage, the energy storage business unit of BYD (HKG: 1211, OTCMKTS: BYDDY), has signed a new agreement to supply an energy storage project in Chile.

BYD Energy Storage recently signed an order agreement with Spanish renewable energy company Grenergy to supply 3.5 GWh of energy storage systems for phase 6 of the latter’s Oasis Atacama project in northern Chile, BYD said today.

BYD Energy Storage has previously supplied 3 GWh of energy storage systems for the first three phases of the project, and this latest partnership expands supply to 6.5 GWh.

This is the largest energy storage supply agreement in Latin America, BYD said.

BYD Energy Storage will supply Grenergy with 624 units of MC Cube-T BESS for the Elena project, which is a key component of Oasis Atacama, with 446 MW of PV capacity and 3.5 GWh of storage capacity.

The MC Cube-T BESS integrates BYD’s blade batteries directly into the energy storage system, improving space utilization by 98 percent, according to BYD.

Oasis Atacama is one of the largest electrochemical energy storage projects in the world, with a total storage capacity of up to 11 GWh, the BYD announcement noted.

Oasis Atacama’s total installation size has exceeded the scale of energy storage in the UK or in Germany, becoming a benchmark for 7×24-hour clean energy supply, Grenergy CEO David Ruiz de Andrés said.

BYD is one of the world’s largest battery makers, with an installed capacity of about 79.031 GWh of power and energy storage batteries in the January-April period, up 86.86 percent year-on-year, according to data compiled by CnEVPost.

BYD ranked No. 1 in the global BEV market in the first quarter with a 15.4 percent share, while Tesla was No. 2 with 12.6 percent.

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