BREAKING NEWS: China’s energy storage industry is making headlines as leading firms, including Cornex, CATL, and Tianneng Group, finalize a series of groundbreaking international agreements. This surge in cooperation marks a significant expansion into key global markets, with implications for energy storage technology and infrastructure.
Just announced, Cornex sealed a landmark deal in Dammam, Saudi Arabia, partnering with local enterprises, including Al Rajhi Electrical, to accelerate growth in the Middle East’s energy storage sector. Under this strategic agreement, Cornex will supply a staggering 5.5 GWh of energy storage products over the next three years, enhancing local manufacturing capabilities and project development.
In a parallel move, CATL, a frontrunner in battery technology, has joined forces with UK-based Schroders Greencoat and Hong Kong’s Lochpine Capital. The trio will collaborate on energy storage projects across Europe, targeting a total planned capacity of up to 10 GWh. The signing ceremony held on February 2, 2026, featured notable attendees such as Lucy Rigby, Economic Secretary to the UK Treasury, and key executives from the partnering firms.
Tianneng Group is also making strides, having entered a strategic cooperation agreement with VCI Global Limited. Together, they will develop a 1 GWh PV-plus-storage power plant project in Malacca, Malaysia, aiming to set a benchmark for green energy solutions in Southeast Asia. This ambitious project will leverage an EPC-plus-financing model to integrate photovoltaic and energy storage technologies.
In the Democratic Republic of the Congo (DRC), Zhiguang Electric has recently secured contracts for three PV-storage-diesel microgrid projects with Vinmart Group. These projects will provide reliable power solutions for critical mining operations in one of the world’s key resource hubs. The containerized energy storage systems from Zhiguang are designed for swift deployment and adaptability, ensuring stable power support for challenging environments.
Meanwhile, SolaX Power has announced a strategic partnership with Raystech Group Pty Ltd, making Raystech the exclusive general agent for SolaX’s residential energy storage products in Australia. This agreement commits Raystech to a minimum procurement volume of 1 GWh in 2026, covering a comprehensive range of energy storage solutions for residential and commercial markets.
These developments herald a transformative period for the energy storage sector, as Chinese companies aggressively pursue international expansions. With a combined focus on cutting-edge technology and strategic partnerships, the implications for global energy markets are profound.
As these agreements unfold, industry experts and stakeholders will be closely monitoring their impact on energy access, sustainability, and innovation worldwide. Stay tuned for more updates as the situation develops.
