Envision Energy, the China-based green technology company, has announced a strategic partnership with the Indonesian renewable energy firm Sun Terra for energy storage projects in key markets such as Southeast Asia, India and Australia.
The firm, which is headquartered in Shanghai, said the agreement is to cover the full value chain for energy storage solutions.
This will include procurement and distribution, but also localised assembly and manufacturing, technology licensing and solution delivery.
The collaboration is said to be aimed at the production of advanced energy storage solutions and enhancing global supply chains.
Both companies claim the strategic partnership will accelerate the deployment and scaling of energy storage solutions in the target markets.
Sun Terra, which is a subsidiary of the Indonesia-based conglomerate Sinar Mas, is said to specialise in end-to-end renewable energy development including solar projects across the target regions.
Kane Xu, senior vice president and president of international product lines, Envision Energy, said: “SUN Terra’s strong local presence and project development capabilities are highly complementary to Envision’s expertise in the energy storage. Together, we will accelerate the growth of energy storage markets across Southeast Asia, India and Australia, delivering sustained momentum for enhancing local energy ecosystems.”
Karina Darmawan, CEO, Sun Terra, said: “As a key part of Sinar Mas’ renewable energy portfolio, SUN Terra is committed to advancing clean energy development in Indonesia, Australia, and India. This strategic collaboration with Envision will not only bring advanced energy storage systems to Indonesia but also empower the localization of production and technology advancements in the Australian and Indian markets.”
Image: The signing of the agreement between the two firms. Credit: Envision Energy.
