China-based REPT BATTERO and South Korean Hyosung Heavy Industries have officiated their partnership, which will be focused on battery energy storage systems. Both companies signed a Memorandum of Understanding (MoU) in Seoul, South Korea.
According to the signed MoU, the Chinese company will be responsible for the supply of energy storage products of 2.5GWh. The company will be providing storage cells, modules, and DC Containers to South Korean companies.
CEO & President of REPT BATTERO, Feng Ting said, “This signing marks a significant breakthrough in market synergy between Chinese and South Korean energy storage enterprises. As a global leading battery technology supplier, REPT BATTERO’s high-efficiency energy storage batteries complement Hyosung Heavy Industries’ deep expertise in the global power industry. Through deep cooperation, the two sides will provide professional products and services to more overseas customers.”
As the REPT BATTERO will be providing materials, the company will also assist in technical support to increase the efficiency of system design integration and quality control. Hyosung Heavy Industries will be responsible for the certification and promotion of storage technology in the local and global markets.
CEO & President of Hyosung Heavy Industries, Woo Tae-hee said, “Hyosung Heavy Industries is dedicated to becoming a global leader in energy solutions, and this collaboration will further solidify our market positions in the energy storage sector. We will closely collaborate with REPT BATTERO to deliver innovative products and services to global customers.”
This international collaboration will yield both of the company’s easier access to the global market. This collaboration will also provide an effective solution to tackle climate change.
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