Seraphim has signed a Memorandum of Cooperation (MoC) with Xiangyu New Energy and the CRRC Zhuzhou Institute to form a strategic partnership to focus on the global storage market.
Under the agreement, the three partners will leverage their respective strengths and knowledge in different fields to jointly build a demonstration energy storage project from the project start-up phase to the end of operations. The MoC details a strategy centred on the development, research and in-depth cooperation on international energy storage systems projects, aiming to contribute to the optimization of the global energy structure and sustainable low-carbon development.
Commenting on the MoC, Seraphim chairman Polaris Li commented: “Over the years, Seraphim has focused on the solar module sector. This joint effort will further enhance the company’s global competitiveness and ability to deliver the best quality products and differentiated value to our customers. It is expected that the three parties will give full play to their comprehensive strengths in the future, strengthen and optimize the industry chain, promote the integrated development of solar and storage projects, and work together to seize the opportunities presented by the energy storage sector under the wave of the global energy system revolution.”
Xiangyu New Energy GM Cara Lin added: “Xiangyu New Energy focuses on the three major industrial chains of lithium batteries, photovoltaics and wind power, and has competitive advantages in comprehensive service solutions. As global strategic partners, Seraphim and the CRRC Zhuzhou Institute are already recognized by both the domestic and foreign market and the three parties will look to connect on development needs, fully link with each other on supply, industrial and value chain aspects and coordinate resources to jointly create a new situation of common benefit and high-quality development.”
A spokesperson for the CRRC Zhuzhou Institute stated: “We have already laid out the wind, solar, hydrogen and storage tracks and have professional advantages in research, development, manufacturing and services. By joining hands with two outstanding companies to cooperate in the energy storage field, we hope to give full play to our respective advantages, seize opportunities and together create a full-scenario product matrix, adding technical strength to the global energy storage market.”
