NW, the French leader in electricity storage, and HyperStrong, the Chinese leader in energy storage system integration, have signed a partnership to jointly develop and operate JBox® and IECharge® products and solutions, along with associated services, in Asia.

The joint venture, based in Singapore and named NW Storm HyperStrong Asia, aims to deploy and operate distributed electricity storage units (JBox®) and high-power charging stations (IECharge®). The company will operate across the entire Asian continent, excluding South Korea and Japan.

This strategic partnership leverages the complementary expertise of both companies. NW is a leading player in electricity storage with 1 GWh in operation across France, Finland, and Texas. It is also active in the electric mobility sector with 140 high-power charging stations in France and has a significant presence in the electricity markets.

HyperStrong, a leader in China for the integration of battery energy storage systems, possesses strong industrial know-how, with a cumulative installed capacity of over 20 GWh, and extensive expertise in battery energy storage system integration. Its established presence in Asia and its deployment agility makes it the ideal partner for NW’s expansion into this new region.

Since September 2023, the two companies have been cooperating to expand NW’s products internationally. This new partnership is fully aligned with the strategic goals of both signatories.

“We are excited to take this next step with our partner HyperStrong, which will allow us to combine technological innovation with industrial development to create competitive flexibility services in Asia, supporting the energy transition for all,” said Jean-Christophe Kerdelhué, Founder and CEO of NW, who added, “We are proud to export French expertise to Asia.”

This partnership comes at a time of strong growth in renewable energy and an increasing demand for electricity storage solutions in the Asian market. In May 2024, China set a new target of at least 40 GW of battery storage by the end of 2025 according to Reuters.

Dr. Jianhui Zhang, Founder and CEO of HyperStrong, said: “Partnering with NW is an important step forward in our commitment in global clean energy transition. The new joint venture is the continuation of the successful partnership between two parties, with particular emphasis to expedite the deployment of cutting-edge, resilient energy storage technologies in Asian market.”

On Wednesday, the list of the 120 most promising French companies, selected by the French government and the French Tech Mission, was announced. NW Group, France’s first energy transition unicorn, maintains its position in the Next40 program. This program selects the 40 most successful startups in the French ecosystem and highlights their status as spearheads of the national economy.

The French Tech Next40/120 Class of 2024 confirms NW’s position as a world-class technology leader. Selected on the basis of their economic performance, the 2024 laureates play a crucial role in the ecological transition, reindustrialization, health, food, mobility and energy.

We are proud to be included in the French Tech Next40 ranking for the second time, a distinction that confirms our commitment to the ecological transition. This recognition is also due to all the NW teams and our partners who work every day to develop our two innovative solutions, the JBox® and the IECharge®. NW is the only player that masters all the skills required to carry out its projects: developing, operating, financing and valuing. A dedicated digital infrastructure designed by our Engineers supports our growth. ”

As the first French unicorn of the energy transition, NW plays a crucial role in the ecological transition. Thanks to its unique combination of storage (JBox®) and high-power electric charging stations (IECharge®), a patented world-class innovation, NW is now the French leader in distributed energy storage with its JBox® units. With its IECharge® stations, NW is also the fifth French operator of electric charging stations above 150kW.

Today, NW operates and manages more than 500 MW of storage (JBox®) and more than 120 electric charging stations (IECharge®). These infrastructures aim to promote an energy transition accessible to all by supporting the development of renewable energies. They also provide affordable high-power charging for electric vehicles, with the most competitive rate in Europe at €0.30/kWh.

NW continues to grow in France and internationally, in Finland, Texas, Sweden and Italy. The Group has signed several major partnerships for the installation of its solutions, including with the Groupement Les Mousquetaires and Mobilians.