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.”
