CLOU Signs 437MWh Battery Energy Storage System Supplying Contract

In recent years, the global business of CLOU ESS has been continuously accelerating, obtaining large orders for projects in the United States, South America, and other countries, accelerating the expansion of global energy storage business.

This signing signifies that CLOU Energy Storage has fully gained market trust, further consolidating the company's industry position in the energy storage industry and the global market, and also laying a good foundation for Midea Group's international layout of energy storage business.

The trading party of this project is a well-known American enterprise with over 2000 professional engineers in power generation, energy storage, and digital energy solutions. Its products and solutions are widely used worldwide.

The project will adopt the company's new generation energy storage system solution, which has excellent performance, good stability, cost balance, and fast installation. After the successful implementation of the project, it will become an important driving force for the transition of the local power source network system to renewable energy.

According to a report by Bloomberg New Energy Finance, China, the United States, and Europe are currently the top three global energy storage markets. Among them, the European and American markets, due to their high degree of electricity marketization and good profitability, have become an important layout direction for China's top energy storage industry chain enterprises.

As one of the earliest companies who stared to enter the field of energy storage system integration since 2009, CLOU established the US Energy Storage Company in 2023, committed to meeting the strict requirements of the domestic and foreign energy storage markets through localization teams, standards, delivery, and sales.

In the US market, CLOU has created multiple projects for users, including the first large-scale lithium-ion energy storage project with a capacity of 24MW/63MWh in Indiana, a 99MWh energy storage power station in Texas, and the largest 485MWh grid side energy storage in South America. According to international consulting firm Orenia, the top six independent energy storage operation profitability projects in the US in 2021 also come from CLOU.