According to news from the WeChat public account of CATL on December 22, CATL recently reached a long-term supply agreement of nearly 7.5GWh with Gresham House Energy Storage Fund, a British new energy investor. The two parties will strive to expand the scale of cooperation to 10GWh according to market demand, and jointly promote the application of utility-scale energy storage.

It is reported that Gresham House plc is a professional alternative asset management group, committed to multi-industry real investment with ESG as the core. Its subsidiary, Gresham House Energy Storage Fund, focuses on the transition to renewable energy and is the UK’s largest fund investing in utility-scale battery energy storage systems.

This strategic cooperation is CATL’s first direct cooperation with an asset management company operating an energy storage project, creating a new model of industry cooperation. The two parties will further accelerate the large-scale application of battery energy storage, a key technology, to help the global energy transition and contribute to the realization of the global carbon neutrality goal.