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.”

NW, the first French unicorn in energy transition and a leading force in electricity storage within France, proudly announces the commencement of its operations in Texas effective today. Through a strategic acquisition, NW has obtained an electricity storage site boasting a capacity of 10 MW / 20 MWh. By providing ancillary services and participating to the real time market on the Texas energy grid, NW is actively contributing to the ongoing energy transition.

In the state of Texas, an impressive 29% of the electricity production is attributed to wind energy, with an additional 9% harnessed from solar sources. The rapid expansion of renewable, intermittent, and decentralized energy resources requires robust storage solutions to strenghten the electrical grid’s capacity and ensure seamless synchronization between electricity production and consumption. Leveraging its extensive experience in the field of storage, NW aims to bring its cutting-edge expertise to the dynamic Texan market.

“We are delighted to embark on this exciting journey, as it allows us to participate in the ERCOT market, the independent regulatory authority responsible for ensuring the reliability of the network and overseeing the Texas electricity wholesale market,” states Franck Avice, Executive Director for North America at NW. From today onward, NW is wholeheartedly immersed in the arbitration market and proudly offers a wide array of ancillary services on the Texan grid.

NW’s vision is clear, aspiring to achieve an impressive 1 GW of installed capacity by the year 2026.

This significant external growth endeavor serves to reinforce and accelerate NW’s ambitions in Texas, complementing the major partnership inked earlier in April with the American company, Links Energy. Through this partnership, NW aims to deploy numerous groundbreaking storage installations across Texas, amounting to a remarkable 1 GW by the horizon of 2026. Notably, progress is already underway, with almost one hundred MW already identified since the collaboration’s inception in April.

“We are deeply honored to contribute to the stability and resilience of the Texas electrical grid“, asserts Jean-Christophe Kerdelhué, President and Founder of NW. “Our latest undertakings in Texas flawlessly align with our corporate vision: democratizing the accessibility to energy transition. At NW, we are passionate about fostering sustainable solutions and enhancing grid reliability. We take immense pride in exporting our expertise beyond national boundaries, fueling the momentum of global energy transformation”.