On May 17, 2023, U.S. energy storage technology developer Energy Vault, Inc. (referred to as "Energy Vault") and REPT BATTERO Energy Co., Ltd. (referred to as "REPT BATTERO") signed a liquid-cooled energy storage battery agreement In the system supply agreement, the two parties have reached a strategic partnership. REPT BATTERO will supply Energy Vault with a 10GWh liquid-cooled energy storage Battery system to support the global deployment of Energy Vault's BESS business.

The 10GWh liquid-cooled Battery system supply agreement signed by both parties confirms that REPT BATTERO will become Energy Vault's strategic partner for global business expansion. The former will continue to provide stable and reliable supply for Energy Vault's BESS global business. Chain guarantee resources. At the same time, to support Energy Vault’s future short-term rapid expansion and the supply needs related to new hybrid energy storage systems (including green hydrogen energy), the scope of cooperation is not limited to Ripulanjun’s existing main product 280Ah battery. What is more worth mentioning is also Including the 320Ah battery and 306Ah battery recently released by REPT BATTERO, the 320Ah battery applies REPT BATTERO's latest top-notch technology.

Mr. Duncan Turner, Energy Vault’s Global Procurement VP, said: “The strategic partnership between the two parties combines REPT BATTERO’s technical expertise in lithium-ion batteries with Energy Vault’s proprietary custom integration capabilities to ensure the stability of batteries and system components. supply and on-time execution of our contracts and anticipated BESS deployments in countries such as the United States, Europe and Australia. Our partnership with REPT BATTERO can reduce the procurement assurance risks faced by the global industry. In addition, this partnership can successfully provide us with Our global customer base quickly delivers energy storage system solutions and further advances our global strategic deployment.”

"The Energy Vault team is the most customer-focused and fastest-growing team in the industry. REPT BATTERO is very honored to be able to reach a strategic partnership this time, because it will enable us to achieve exponential sales goals in the overseas energy storage field. Growth. We firmly believe that the company has the ability to win the world's largest energy storage projects, while also supporting our own global business plan. We are pleased to enter into a strategic partnership with Energy Vault to achieve complementary advantages and bring our high-end batteries to the market. technology to the global market” Dr. Cao Hui, Chairman of REPT BATTERO.

REPT BATTERO's products are widely used in global energy storage projects. Domestic REPT BATTERO has currently reached a production capacity of 35.2GWh, and is simultaneously carrying out construction work in Wenzhou, Jiashan, Liuzhou, Foshan, Chongqing and other places. By 2025, the total battery production capacity will be will exceed 150GWh. The conclusion of the strategic partnership between the two parties will help REPT BATTERO achieve its production capacity target. It is an important milestone for REPT BATTERO's energy storage business to achieve global layout and enter overseas markets. In particular, the complementary resources of both parties will continue to support the global new energy industry. Collaborative development to achieve win-win cooperation.

Energy Vault

Energy Vault is committed to developing and deploying flexible and sustainable energy storage solutions, aiming to change the way utility-scale energy storage is used globally to achieve decarbonization and improve grid resilience. The company's products include gravity energy storage, green hydrogen energy storage technology and more, and are supported by energy storage management software and integration platforms. Within the industry, Energy Vault's innovative and diverse technology portfolio provides customized short-term and long-term energy storage solutions to help utilities, independent power producers and large industrial energy users significantly reduce energy costs while maintaining the stability of power supply. and reliability.